Texas Instruments Pulls Out the 2008 Playbook for 2020
Texas Instruments (NASDAQ: TXN) is one of the true blue chips in the technology space. Founded all the way back in 1930, it's one of the oldest technology companies in America. The key to TI's longevity? Chalk it up to superior technology, capital allocation, and product diversity across a wide range of end markets. Texas Instruments makes analog chips and embedded processors found in devices used in the defense, healthcare, data center, automotive, and industrial markets.
Yesterday's first-quarter earnings release and conference call gave great insights into what different sectors of tech are doing at the moment. Management also spelled out what it expected from the tech industry going forward should the current crisis mirror that of 2008–2009.
Image source: Texas Instruments.
Source Fool.com
