Texas Instruments

Leadership: CEO Haviv Ilan, a 26-year TI veteran and former COO, succeeded Rich Templeton in 2023 and will become chairman effective January 2026 following Templeton’s retirement as chair. CFO Rafael Lizardi is a long-tenured insider with consistent IR transparency.

Governance and alignment appear solid, though insider equity ownership is modest given TI’s scale. Operational execution through a large U.S. capacity build, including the Sherman and Lehi fabs, has been steady with clear communication on loadings, depreciation, and CHIPS accounting. Cultural continuity and internal promotions support consistency.

We score management as strong, with conservative communication and long-term orientation.