Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
|---|
| I'm very, again, pleased with the execution |
| And we - as we go and make these investments by the end of the decade, we will be able to support a higher level of revenue, reported revenue capability of $45 billion that will allow us to grow, at the 10% CAGR versus 2022 |
| We have good products that we've built for personal electronics |
| I think our competitive advantages allow us to do that |
| I think embedded could be a great contributor to our free cash flow per share growth in the future |
| We are in a big phase of execution of a plan we laid out a couple of years ago, and I'm very pleased, with where we are right now |
| I know people always talk about us that, we have catalog, but actually TI is very strong in both |
| But why is the opportunity so attractive? First, we believe and see evidence that the secular growth of semiconductors, especially in industrial, in automotive is going to continue, at least for the next decade and maybe decades to come |
| We are pleased with our position |
| So far, it looks like it's doing more or less that, and that's, again, a favorable pricing environment |
| So in that sense, Joe, again, I'm very optimistic about what that market is going to do, for our industry, for semiconductor, for automotive |
| So that's where we - I think we can have a good competitive advantage with our strategy |
| customers for semiconductors, at the same time, a very profitable cash-generative company |
| And I think as we do that, and we can prove that cycle-to-cycle, we can be that great supplier that, at the end of the day, helps you gain market share |
| So, I think that plays, for our advantage of being a great supplier, we just want to be a better supplier, and prove that cycle-to-cycle, always have the parts you need even before you know you need them |
| It's actually stronger than ever, in my opinion |
| for the front end for the fabs, big investments that we announced last year in Malaysia and together with the Philippines, a very good footprint of back end |
| As I said before, we always were fighting, and winning a good profitable business, and we'll continue to do that in the future |
| We have a strong view |
| And we do that through the strengthening of our competitive advantages, our business model |
| And this is where we are getting an advantage |
| And I'm just very encouraged by the progress we are seeing there |
| And we said, hi, what - where do we want to be creating embedded? What should be our strength? And we said, let's align our product portfolio to the assets of the company, or the competitive advantages, meaning we want a part that can be built predominantly internally inside the company |
| And TI has a great portfolio, as we said before, from kind of vertical, very complicated, integrated chips to more catalog-ish |
| They are showing the cost advantage already |
| I give ourselves a good chance to compete |
| We have a great cost structure |
| And as the market recovers, and it will, because it always does, I think the fall-through will be very attractive |
| And I think that served us well |
| We want to have our channel advantage help us, meaning that we can sell these parts to many, many customers |
| Statement |
|---|
| Our auto team is actually quite negative, about some of the programs, just how much is being invested in EV programs |
| I mean as the cycle was hitting us, and customers demand was so high, we had to make some tough decisions |
| Once they build them, or they start building inventory levels, that revenue rate decreases on us, right, because they have enough |
| If you look at the PP&E is up like 60% in six quarters and your revenues are down quite a bit |
| I mean we've looked at some of the numbers and revenue has declined |
| It's the third worst peak to trough revenue decline in the 30 years I've been doing this |
| So the shortage was very severe |
| We've seen slowdowns in ADAS, for sure, relative to the plans of four, five years ago |
| But the customers, who are actually voicing concerns around this, are going to be automotive and industrial |
| We saw Q4, I think the decline mid-single digits |
| PE started to correct back and automotive just started to decline |
| This is why I think, these secular growth are persistent |
| One, if we're underutilized as a sector, do you anticipate there's a more aggressive pricing environment? And I know we haven't historically seen that, but we also didn't see the price increases that maybe we saw in the last couple of years |
| There is a little bit of a slowdown |
| You've had a tough correction here |
| So it's maybe the worst inventory correction that I've seen |
| That's us diverting our resources, our capital towards these opportunities, expanding our product portfolio, and getting more acquainted with customers |
| I guess, not shocking that the correction was pretty severe |
| economy and also the national security |
| So, it seems like you might have underutilization for a while |
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