Artificial intelligence[edit]
TI was active in the area of artificial intelligence in the 1980s. In addition to ongoing developments in speech and signal processing and recognition, it developed and sold the Explorer computer family of Lisp machines. For the Explorer, a special 32-bit Lisp microprocessor was developed, which was used in the Explorer II and the TI MicroExplorer (a Lisp Machine on a NuBus board for the Apple Macintosh). AI application software developed by TI for the Explorer included the gate assignment system for United Airlines, described as "an artificial intelligence program that captures the combined experience and knowledge of a half-dozen United operations experts." In software for the PC, they introduced "Personal Consultant", a rule-based expert system development tool and runtime engine, followed by "Personal Consultant Plus" written in the Lisp-like language from MIT known as Scheme, and the natural language menu system NLMenu.[60]
Sensors and controls[edit]
TI was a major original-equipment manufacturer of sensor, control, protection, and RFID products for the automotive, appliance, aircraft, and other industries. The Sensors & Controls division was headquartered in Attleboro, Massachusetts.
By the mid-1980s, industrial computers known as PLC's (programmable logic controllers) were separated from Sensors & Controls as the Industrial Systems Division, which was sold in the late 1980s to Siemens.
In 2006, Bain Capital LLC, a private equity firm, purchased the Sensors & Controls division for $3.0 billion in cash.[61] The RFID portion of the division remained part of TI, transferring to the Application Specific Products business unit of the Semiconductor division, with the newly formed independent company based in Attleboro taking the name Sensata Technologies.[62]
Software[edit]
In 1997, TI sold its software division, along with its main products such as the CA Gen, to Sterling Software, which is now part of Computer Associates. However, TI still owns small pieces of software, such as the software for calculators such as the TI Interactive!.[63] TI also creates a significant amount of target software for its digital signal processors, along with host-based tools for creating DSP applications.[64]
TI.com[edit]
In 2000, Texas Instruments first implemented an e-commerce platform on TI.com as a way to sell its Code Composer Studio™ software tool directly to customers. With TI.com, purchase managers and design engineers have access to TI products that are immediately available for shipping. The platform has grown to include tens of thousands of TI analog and embedded processing products. In 2020, TI added several features, including full and custom quantity reels, multiple payment options, lines of credit, and flat-rate shipping.
Restatement[edit]
On August 6, 1999, TI announced the restatement of its results for parts of 1998 and the first quarter of 1999 after a review by the Securities and Exchange Commission over the timing of charges for a plant closing and writedown.[65]
Finances[edit]
For the fiscal year 2017, Texas Instruments reported earnings of US$3.682 billion, with an annual revenue of US$14.961 billion, an increase of 11.9% over the previous fiscal cycle. TI shares traded at over $82 per share, and its market capitalization was valued at over US$88.0 billion in October 2018.[66] As of 2018, TI ranked 192nd on the Fortune 500 list of the largest United States corporations by revenue.[67]
| Year | Revenue in mil. US$ | Net income in mil. US$ | Total assets in mil. US$ | Price per share in US$ | Employees |
|---|---|---|---|---|---|
| 2005 | 12,335 | 2,324 | 15,063 | 21.97 | |
| 2006 | 14,255 | 4,341 | 13,930 | 23.98 | |
| 2007 | 13,835 | 2,657 | 12,667 | 26.01 | 30,175 |
| 2008 | 12,501 | 1,920 | 11,923 | 19.85 | 29,537 |
| 2009 | 10,427 | 1,456 | 12,119 | 16.66 | 26,584 |
| 2010 | 13,966 | 3,184 | 13,401 | 21.60 | 28,412 |
| 2011 | 13,735 | 2,201 | 20,497 | 26.37 | 34,759 |
| 2012 | 12,825 | 1,728 | 20,021 | 25.57 | 34,151 |
| 2013 | 12,205 | 2,125 | 18,938 | 32.90 | 32,209 |
| 2014 | 13,045 | 2,777 | 17,372 | 42.61 | 31,003 |
| 2015 | 13,000 | 2,986 | 16,230 | 49.79 | 29,977 |
| 2016 | 13,370 | 3,595 | 16,431 | 59.83 | 29,865 |
| 2017 | 14,961 | 3,682 | 17,642 | 82.03 | 29,714 |
| 2018 | 15,784 | 5,580 | 17,137 | 90.46 | 29,888 |
| 2019 | 14,383 | 5,017 | 18,018 | 123.32 | 29,768 |
| 2020 | 14,461 | 5,595 | 19,351 | 162.70 | 30,000 |
| 2021 | 18,344 | 7,769 | 24,676 | 189.41 | 31,000 |
| 2022 | 20,028 | 8,749 | 27,207 | 165.22 | 33,000 |
Divisions[edit]
Today, TI is made up of four divisions: analog products, embedded processors, digital light processing, and educational technology.[68]
As of January 2021, the industrial market accounts for 41 percent of the company's annual revenue while the automotive market accounts for 21
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