Reported 6 months ago
Elliott Investment Management has invested over $2.5 billion in Texas Instruments Inc., urging the chipmaker to enhance free cash flow. Elliott proposed a strategy for Texas Instruments to generate $9 or more per share in free cash flow by 2026, citing concerns over the company's deviation from focusing on free cash flow growth. Texas Instruments, which has been shifting its strategy to bring manufacturing in-house, confirmed receiving the letter and is reviewing it, emphasizing long-term growth in free cash flow per share.
Source: YAHOO