Texas Instruments (TXN) — cost advantage, read against the 10-Q

Texas Instrumentsreason 01 of 4it makes it for less than anyone else canderived 2026-08-21accession 0000097476-26-000152

TI states that 300mm wafer production 'costs about 40% less than a chip built on a 200mm wafer'

The filing describes 'creating a competitive structural cost advantage by investing in our 300mm wafer production'

Gross profit margin increased to 61.4% from 57.9% in Q2 and to 59.8% from 57.4% for the first half, 'primarily due to higher revenue, partially offset by higher manufacturing costs associated with our planned capacity expansions'

The filing states this approach 'supports free cash flow per share growth across a range of market conditions'

the finding

Language shifted from future tense ('will uniquely position') to past tense ('have uniquely positioned'), indicating the 300mm capacity positioning is now described as achieved rather than pending.

before · MD&A · 2026-03-31 → 2026-06-30

“We are nearing the end of a six-year elevated capital expenditures cycle that, when completed, will uniquely position TI”