Texas Instruments' Future Lies Abroad, Says CEO
Texas Instruments is looking abroad when it comes to boosting revenue and earnings, said President and Chief Executive Rich Templeton, speaking at the company’s annual analyst meeting.
“We’re probably not a great proxy in terms of the U.S. economy,” Templeton told “Morning Call.” He explained, “More than 70% of our revenue actually ships around the world.”
Cell phones in India, for example, moved over 100 million units last year. That figure could hit 600 million over the next five or six years, he said. Templeton also has his eyes on markets in Eastern Europe and South America.
“The global market for cell phones is really growing very rapidly,” he said. “The U.S. is becoming a smaller part of that.”