Reported 6 months ago
Texas Instruments has received a $2.5 billion investment from Elliott Investment Management, which includes a dynamic capacity management strategy aimed at helping the semiconductor company achieve positive free cash flow by 2026. Elliott is pushing for Texas Instruments to prioritize free cash flow per share growth, citing past performance and potential for improvement. The investment is seen as significant, although the impact on the share price has been minimal so far.
Source: YAHOO