Texas Instruments, every mention

Complexity Investing & Semiconductors with NZS Capital (Extended Cut) · Acquired Nov 3, 2021 · 11 mentions

• ▶ 55:12 David Rosenthal And TI is one of your top positions, right?
• ▶ 55:55 Brinton Johns That would be like Texas Instruments that has a 100,000 parts or a microchip.
• ▶ 1:06:44 Brinton Johns Uh, but I'm just thinking of one interaction, um, that we had with Rich Templeton, the CEO of Texas Instruments in early February, of 2009, right?
• ▶ 1:13:12 Brinton Johns And this idea of solid state switching, which of course came about because of the transistor, and then later on was made to integrate a circuit by Kilby at TI, um, is what sort of enabled, um, you know, the foundation for all modern…
• ▶ 1:23:45 Brinton Johns I remember when Apple bought PA semiconductor, I was on record going, oh, this is the stupidest thing ever.
• ▶ 1:33:31 Brinton Johns There's not one company that's making all the money, um, throughout the whole chain, we've seen margins come up, and, you know, here's a good trivia question, who has higher operating margins, Texas Instruments or Microsoft, right?
• ▶ 1:33:42 Brinton Johns Because I ask it, you know, the answer is, it's TI.
• ▶ 1:33:53 David Rosenthal Especially because TI, their main, uh, the, the, the core business is not the, like, the leading edge, uh, you know, uh, digital processors that TSMC is doing.
• ▶ 1:34:18 Brinton Johns They try to sell it.
• ▶ 1:34:23 Brinton Johns And so, you know, you look at TI's in markets, two thirds of which are industrial and auto, and I guess it's a tech company, you know, they make chips, but man, it seems a lot like an industrial company too, right?
• ▶ 1:34:43 John Bathgate Well, I think you can make the same point that you made on TI on NVIDIA, like the, the fabulous business model.