Overview The severe global economic downturn demanded tough decisions at TI, but provided an opportunity for us to refocus and put our agility to work. We increased support for our core businesses – Analog and Embedded Processing – while maintaining our commitment to social responsibility and environmental stewardship. We completed actions that significantly reduced our costs, including continued investment in energy-efficiency projects. In addition, we continued to support our communities, contributing to education as well as health and human services at a time when it was needed most.
Our major actions during 2009 included increasing investments in areas of high-growth potential, staffing Kilby Labs (a creative research facility in Dallas), and acquiring two companies to support our analog and embedded processing objectives. In addition, we opened an assembly/test (AT) site in the Philippines. We also began ramping up the world’s first 300-millimeter analog wafer factory, located in Richardson, Texas, and outfitted it with manufacturing equipment purchased in a weak market at extremely attractive prices. The Richardson fabrication plant (RFAB), built in 2006, is the world’s first green, Leadership in Energy and Environmental Design (LEED)-certified facility of its kind. RFAB has continued to serve as a model for efficiency and environmental stewardship among all of our sites globally, including our new AT site, as well as among our peers. Although the downturn was one of the steepest we have experienced, we remained profitable. When market demand returned, our revenue growth surpassed that of most of our major competitors. Back to top