Factors That Will Drive Texas Instrument’s Automotive Segment Revenues

Factors That Will Drive Texas Instrument’s Automotive Segment Revenues

Shutterstock photo Texas Instruments’ ( TXN ) overall revenues have grown since 2013, when the company started focusing on the Industrials and Automotive sectors. The revenues from the company’s Automotive segment have witnessed the largest uptick in revenues, as its sales have grown at a CAGR of 18% from $1.47 billion in 2013 to over $2.4 billion in 2016. That double-digit revenue growth continued in the first nine months of 2017. Furthermore, Semicast Research placed the company among the top 10 automotive semiconductor suppliers for 2016 with a market share of nearly 7%. For automotive applications, TI supplies a […]