TI CEO discusses business, commitment to community
Texas Instruments (TI) President, Chairman and CEO Rich Templeton recently spoke to a Dallas Regional Chamber audience about TI's business, opportunities and challenges ahead, and the company's commitment to the community.
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TI's business
For nearly 80 years, TI has created innovations that have impacted the world. Its inventions have ranged from the first integrated circuit and first handheld electronic calculator to today's tiny semiconductors that power many different electronics efficiently.
Throughout this history, TI has "reinvented" its business strategy, adapting to take advantage of opportunities in the marketplace. Today, TI is again positioning itself for growth markets and sharpening its focus on its core areas of expertise – analog and embedded processing technologies. These are the segments of the semiconductor market where TI is the leader but with lots of room to gain market share.
"TI has opportunities to help virtually any electronics manufacturers solve the toughest design challenges they face in bringing products to market that will make our world smarter, healthier, safer, greener and more fun," he said.
Opportunities and challenges
Templeton said he has seen tough economic climates throughout his years in the technology industry. "This passes when people focus on innovation and have energy and passion to create new technologies as we go forward," he told the Dallas Regional Chamber audience.
Like many companies, TI has recently announced measures to align expenses with the tough economic environment and better position the company for the future. The company has taken a number of steps to reduce spending, including a voluntary retirement program, a reduction in force, decreases in capital spending, and minimized travel.
Commitment to community
Despite the difficult economic times, TI remains committed to the community.
Templeton said that the health and strength of TI is contingent on the condition of the communities where the company operates. "A healthy business means a better community; a better community means healthy business."
The greatest challenge for the Dallas area is education for kindergarten through 12th grades, Templeton said. He called for the Dallas business community and residents to work together to help local school districts however they can.
"This will have the greatest impact on our standard of living, our city and our families for the next 20 years," he said. "The investments that we make today – in public and higher education, arts and culture, and infrastructure – will help ensure that this city continues to be a place that attracts great minds and nurtures ideas."
Trisha Cunningham, TI's director of worldwide corporate citizenship, reiterated, "TI has always been a leader in our community and that won't change. Our support remains strong for key initiatives such as United Way, education and the arts. As needs are growing in this economic environment, we are continuing to make targeted investments in philanthropic programs that fit our strategic guidelines and have a high return to our community. Our employees are actively providing leadership and service in the community as well."
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