Texas Instruments: analog recovery broadens as 12-inch capacity lifts margins

Texas Instruments' third-quarter results indicate the analog chip upturn has grown into a broad-based recovery, with the company's multi-year 12-inch wafer build-out now boosting margins instead of absorbing cash.

• Analog recovery has moved beyond restocking into broad demand
• 12-inch wafer capacity is now lifting margins rather than draining cash
• The company had already issued a strong revenue forecast on rising demand