Texas Instruments Plans Buyback
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Texas Instruments Inc., the  largest maker of chips for cellular phones, on Thursday said it  plans to buy back $1 billion in stock and boost its quarterly  dividend by more than 17 percent, becoming the latest  technology company to return extra cash to investors.
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Shares of Texas Instruments Inc.  TXN.N rose after the market close on Thursday, after the chip  maker said it plans to buy back $1 billion in stock and boost  its quarterly dividend by more than 17 percent.
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General Electric Co., the biggest company by market value, said it will buy back as much as $15 billion in stock over three years and raised its quarterly dividend 10 percent, more than some analysts had estimated.
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These companies are buying back their shares. Should you join them?
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Deutsche Telekom plans to buy back its internet business T-Online, four years after floating it on the stock market at the height of the dotcom boom.
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Texas Instruments Inc. TXN.N,  the largest maker of chips for cell phones, trimmed its  third-quarter revenue outlook on Wednesday as customers worked  off inventories of unsold chips, making it the second major  chip supplier to pare third-quarter expectations.
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By Jeffrey TomichRipples from the $32 billion buyout of TXU Corp. reverberated from Dallas to Wall Street -- even St. Louis -- after an announcement that the utility would scrap plans for most of the 11 coal-fired power plants that it planned to build in Texas.
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General Mills Inc. said Monday it plans to buy back about 16.5 million shares of its common stock from beverage company Diageo PLC.
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Dutch Philips Electronics   said on Wednesday it plans to buy back 5 billion euros ($7.2 billion) of its own shares after hedge fund pressure for the firm to improve its performance and capital structure.
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(InfoWorld) - German chip maker Infineon Technologies has agreed to buy Texas Instruments' DSL Customer Premises Equipment (CPE)Â business in a deal expected to close by the end of the summer, the companies said. The companies did not disclose the value of the deal or other questions, such as possible layoffs or how the new business will be run. "The deal is still pending regulatory clearance," said David Ong, a spokesman for Infineon based in Singapore. He said the company will be able to reveal more about the transaction after it's been approved. The DSL CPE business develops networking technologies aimed at delivering music, TV, movies, and other content from the Internet to user TVs and PCs. The chips developed by the group go into a range of products, including gateways and routers. Infineon said it will continue to support existing TI customers and designs to ensure continuity of products, in addition to using the purchase to build new technologies.
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(InfoWorld) - Texas Instruments, the world's largest maker of mobile phone chips, plans to work more closely with its Asian contract chip manufacturing partners to develop new production technologies, a company spokeswoman confirmed. The company said earlier this year it planned to stop developing its own chip production technologies and instead work more closely with contract manufacturing partners on joint development. A TI spokeswoman confirmed that the company plans to work with Asian contract chip makers, or foundries, on the new strategy. TI currently farms out chip production to four Asian chip foundries: Taiwan Semiconductor Manufacturing Co.Â (TSMC) and United Microelectronics Corp. (UMC) of Taiwan; Singapore's Chartered Semiconductor Manufacturing; and China's Semiconductor Manufacturing International Corp., according to Tracy Zhou, head of media relations in the Asia Pacific region for TI. "For the cooperation with foundries, TI will continue working with its current advanced logic foundry partners," she said in an e-mail. The change in tactics is significant. TI is one of the world's biggest chip makers, and has long developed its own production technologies. For any new chip, engineers must focus not only on the circuit design of the chip itself, but also on how it will be mass produced. If a design is too complicated to manufacture at a reasonable price, it can get the boot even if it has promising features. The outsourcing of chip production development by companies that previously did it mostly themselves, such as TI, has become a trend over the past several months, said Jackson Hu, the chairman of UMC, at the company's fourth quarter investor conference last month. "Some companies are even closing their own chip factories and farming out orders to foundry chip makers, while others are simply no longer investing in chip production R&D, and instead putting that investment money into chip product design efforts. We believe this is a positive industry trend, a win-win situation, and a strong affirmation of our R&D capabilities," Hu said. The fact that a company the caliber of TI is willing to leave the production side of technology development up to contract chip makers, at least in part, shows how far the foundry business has come. TSMC was the first company to focus on manufacturing chips that are designed by other companies. Before TSMC opened, small chip design firms had to ask Intel, Motorola, and other big companies to manufacture their chips, and these companies would only agree if their factories weren't already full. Most small companies didn't have enough money to set up their own chip factories because the high tech plants then cost around $1 billion each. Now, new ones cost around $3.5 billion. TSMC stepped in to fill the gap, setting up huge chip factories and taking orders from customers, mainly in the U.S. The result has been the steady growth of chip design companies that never build their own factories. Mobile phone chip developer Qualcomm and graphics chip designer NvidiaÂ are two examples of companies that have been wildly successful, despite not owning their own factories. They farm out production to foundries such as TSMC and UMC.
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Texas Instruments Inc  said on Friday that its board had approved an additional $5 billion share buyback, and the company plans to raise its quarterly cash dividend by 25 percent.
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Texas Instruments Inc., the world's largest maker of chips used in cellular phones, expects third-quarter earnings to come in on the higher end of a range it had previously forecast.
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U.S. stocks were set for a steady start on Friday with a billion dollar share buyback plan at Texas Instruments  lending some backbone to the technology sector.
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Texas Instruments Inc , the world's biggest maker of chips for mobile phones, narrowed its second-quarter revenue and earnings forecast on Monday and said calculator sales would be lower than expected.
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Texas Instruments Inc. TXN.N, the  world's largest maker of chips for cell phones, on Tuesday said  it expects fourth-quarter revenue and earnings per share at the  mid range of its previous estimates, as order trends remain  soft.
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Texas Instruments Inc. authorized a $1 billion stock repurchase and increased its quarterly dividend to 2.5 cents from 2.125 cents.