Latest news with #TexasInstruments
Time of India
2 days ago
- Business
- Time of India
Intel, AMD former executives throw the hat into AI semiconductor ring
About a dozen executives from semiconductor and chip design companies such as Intel, AMD and Texas Instruments have quit to establish AI chip startups in India to tap into the multibillion-dollar from Texas Instruments have started C2i Semiconductors, which is developing products to reduce energy consumption by semiconductors. They have raised $4 million from Yali Capital and Intel CEO Lip Bu-Tan, according to Computing, which was acquired by Krutrim, was started by two Intel veterans, Sambit Sahu and Raghuraman Barathalwar. They are currently heading Krutrim's semiconductor initiatives, which ET had reported earlier. Four former Intel and AMD executives have set up Agrani Labs and are developing indigenous AI chips in Bengaluru. They are in talks to raise $8 million from Peak XV Partners, according to people familiar with the development. Most of these executives have spent 15-20 years in the semiconductor industry. India's semiconductor ecosystem is evolving rapidly through a combination of government initiatives such as design-linked incentives, experts said. Apart from this, the country is becoming a key centre for chip design and development and concentrated efforts are being made to set up semiconductor hubs. Global semiconductor sales are on track to reach $1 trillion by 2030 from $627 billion in 2024, according to a Deloitte report, driven by the demand for generative AI and other chips, including those for CPUs, GPUs, memory and power. In addition to this, semiconductor startups — even those that do not cater to the AI space — have seen investor interest in the past year. These include Mindgrove Technologies, InCore and Agnit Semiconductors. Agrani Labs is developing AI chips for the global market and is currently in stealth mode, according to people aware of the matter. Agrani Labs and Peak XV Partners didn't respond to queries. C2i Semiconductors, which is also in stealth mode, recently received the first part of funding from the government's design-linked incentive programme, the company announced on LinkedIn. Krutrim had earlier announced that the company is developing the Bodhi 1 chip, focused on advanced AI models, which is expected to hit the market in 2026. Bodhi 2, focused on training and inferencing, is scheduled for release by 2028. Others that have received funding recently include InCore, which raised $3 million from Peak XV. Mindgrove Technologies raised $8 million from Peak XV and others. Agnit Semiconductors has raised $4.87 million from 3one4 Capital and others. The Covid pandemic showed that India needed to develop its own supply chain, said Ganapathy Subramaniam, managing partner, Yali Capital, and former Texas Instruments executive. In the last few years, the government has drawn up several initiatives to develop the ecosystem. Over the past four decades, the country has produced chip designers for Texas Instruments, Intel and AMD, Subramaniam said. 'India is the second-largest centre for chip design for companies in the US, South Korea and Japan, creating a huge talent pool in the country,' he said. Challenges Scaling up semiconductors is still a challenge, said Tarun Pathak, research director, Counterpoint Research. 'India is still dependent on imports for many essential inputs, particularly from China, which holds cost and volume advantages due to its mature manufacturing and efficient supply chains,' he said. 'Matching the scale while keeping the costs down will be a challenge.' In addition, while government policies help, global original equipment manufacturers have established supply networks and the shift will take time, he said.
Yahoo
3 days ago
- Business
- Yahoo
Why the Market Dipped But Texas Instruments (TXN) Gained Today
In the latest market close, Texas Instruments (TXN) reached $184.15, with a +0.5% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.56%. On the other hand, the Dow registered a loss of 0.58%, and the technology-centric Nasdaq decreased by 0.51%. Heading into today, shares of the chipmaker had gained 13.98% over the past month, outpacing the Computer and Technology sector's gain of 11.21% and the S&P 500's gain of 7.37% in that time. The investment community will be closely monitoring the performance of Texas Instruments in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.32, reflecting an 8.2% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.31 billion, indicating a 12.75% upward movement from the same quarter last year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.55 per share and revenue of $17.29 billion, indicating changes of +6.73% and +10.57%, respectively, compared to the previous year. It is also important to note the recent changes to analyst estimates for Texas Instruments. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Texas Instruments is currently a Zacks Rank #3 (Hold). Looking at valuation, Texas Instruments is presently trading at a Forward P/E ratio of 33.03. This represents a premium compared to its industry's average Forward P/E of 32.71. We can also see that TXN currently has a PEG ratio of 2.98. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Semiconductor - General industry had an average PEG ratio of 2.18. The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 90, this industry ranks in the top 37% of all industries, numbering over 250. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
3 days ago
- Business
- Time of India
Intel, AMD former executives throw the hat into AI semiconductor ring
About a dozen executives from semiconductor and chip design companies such as Intel, AMD and Texas Instruments have quit to establish AI chip startups in India to tap into the multibillion-dollar industry. Four from Texas Instruments have started C2i Semiconductors, which is developing products to reduce energy consumption by semiconductors. They have raised $4 million from Yali Capital and Intel CEO Lip Bu-Tan, according to Tracxn. Bodhi Computing, which was acquired by Krutrim, was started by two Intel veterans, Sambit Sahu and Raghuraman Barathalwar. They are currently heading Krutrim's semiconductor initiatives, which ET had reported earlier. Four former Intel and AMD executives have set up Agrani Labs and are developing indigenous AI chips in Bengaluru. They are in talks to raise $8 million from Peak XV Partners, according to people familiar with the development. Most of these executives have spent 15-20 years in the semiconductor industry. India's semiconductor ecosystem is evolving rapidly through a combination of government initiatives such as design-linked incentives, experts said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Apart from this, the country is becoming a key centre for chip design and development and concentrated efforts are being made to set up semiconductor hubs. Global semiconductor sales are on track to reach $1 trillion by 2030 from $627 billion in 2024, according to a Deloitte report, driven by the demand for generative AI and other chips, including those for CPUs, GPUs, memory and power. In addition to this, semiconductor startups — even those that do not cater to the AI space — have seen investor interest in the past year. These include Mindgrove Technologies, InCore and Agnit Semiconductors. Agrani Labs is developing AI chips for the global market and is currently in stealth mode, according to people aware of the matter. Agrani Labs and Peak XV Partners didn't respond to queries. C2i Semiconductors, which is also in stealth mode, recently received the first part of funding from the government's design-linked incentive programme, the company announced on LinkedIn. Krutrim had earlier announced that the company is developing the Bodhi 1 chip, focused on advanced AI models, which is expected to hit the market in 2026. Bodhi 2, focused on training and inferencing, is scheduled for release by 2028. Also Read: Krutrim to launch first AI chip in 2026: Bhavish Aggarwal Others that have received funding recently include InCore, which raised $3 million from Peak XV. Mindgrove Technologies raised $8 million from Peak XV and others. Agnit Semiconductors has raised $4.87 million from 3one4 Capital and others. The Covid pandemic showed that India needed to develop its own supply chain, said Ganapathy Subramaniam, managing partner, Yali Capital, and former Texas Instruments executive. In the last few years, the government has drawn up several initiatives to develop the ecosystem. Over the past four decades, the country has produced chip designers for Texas Instruments, Intel and AMD, Subramaniam said. 'India is the second-largest centre for chip design for companies in the US, South Korea and Japan, creating a huge talent pool in the country,' he said. Challenges Scaling up semiconductors is still a challenge, said Tarun Pathak, research director, Counterpoint Research. 'India is still dependent on imports for many essential inputs, particularly from China, which holds cost and volume advantages due to its mature manufacturing and efficient supply chains,' he said. 'Matching the scale while keeping the costs down will be a challenge.' In addition, while government policies help, global original equipment manufacturers have established supply networks and the shift will take time, he said.
Indian Express
5 days ago
- Business
- Indian Express
Textile and IT tycoon C Valliappa's biography is a valuable addition to the genre of business journalism
Early in his career, C Valliappa, a business tycoon well-known in South India, walked into his father's office in his financial company and sat down without realising the chain of command he had just broken. 'Look, here's your new managing director,' his father joked, making Valliappa realise that his rise to the top would not be as nepotistic as he expected. He would have to, in today's corporate-speak, drill down — on pretty much everything. The story of his life has been detailed in a new biography The Sona Story: The Textile to Tech Journey of Chettiar Industrialist C Valliappa (Bloomsbury) by business journalist Chitra Narayanan. The book explores how his family was responsible for bolstering the Information Technology movement in Bengaluru, filling gaps in college-level technical education in South India and recovering from the end of a legacy business in textiles after conflicts with labour unions. The book is a little scattered, its non-linear flow getting in the way of the in-depth research and reportage the author has clearly done, but it is a valuable contribution to the genre of business biography for laypeople and experts alike. The book begins with well-wishers and family members recalling the building, Sona Towers, in Bengaluru that became the first to house a satellite office in India, for Dallas-based Texas Instruments. A building that would go on to house many more multi-national IT companies like Verifone, Oracle and Cisco, Narayanan chooses the right quotes by business and political veterans like Nandan Nilekani, Montek Singh Ahluwalia and Srini Rajam to indicate just how big of a deal it was in the 1970s and 1980s for a US-based company to have foreign employees in India making software for consumption abroad. The building needed to have a very particular construction as well as the availability of a wind map so Texas Instruments could confidently set up a satellite — and it did, an achievement possible in equal part due to Valliappa's interest in architecture and him rising to a challenge by his father to make an office building wider than one made by him. Growing labour costs in the '90s and the withdrawal of government subsidies, particularly in power, dented the family's textile business to an extent where it was ultimately irrecoverable. There were also conflicts with labour unions, stoked partly by Janata Dal leader HD Deve Gowda, that were handled with varying success. Despite attempts to cut costs by importing foreign machines to speed up production and multiple meetings with the labour unions, the mills were shut down in 1999. Valliappa's personal life and interests are also part of the book, particularly his college days as a student leader in which he crossed paths with political and cultural figures like CN Annadurai, Dr S Radhakrishnan, Periyar, MS Subbulakshmi and Sadasivam, as well as anecdotes of his father sending him away from home at the age of 23 to prove his business acumen. Other stories, like that of the surgery that recovered his voice, his interactions with his sons and wife, and his love for Tamil literature, could have shone better if arranged in juxtaposition to the businesses he helmed every day for six decades.
Entrepreneur
5 days ago
- Business
- Entrepreneur
TI and NVIDIA Partner to Power the Future of AI Data Centers
This innovation could transform how data centers are built and maintained, making it easier to meet the high energy demands of AI systems without increasing the physical footprint or complexity of the infrastructure. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In an exciting move for the tech world, Texas Instruments (TI) has announced a collaboration with NVIDIA to develop advanced power management and sensing technologies for 800V high-voltage direct current (HVDC) power systems. This next-generation power architecture is designed to support the growing demands of AI data centers, which are rapidly expanding in both size and complexity. As artificial intelligence becomes more powerful, the amount of electricity needed to run a single data center rack is expected to grow from 100kW today to over 1MW in the near future. This presents a major challenge. Traditional 48V systems simply can't keep up—they would need nearly 450 pounds of copper just to deliver 1MW to a rack, making the setup bulky and unsustainable. That's where TI and NVIDIA come in. Their new 800V HVDC system promises to deliver power more efficiently, compactly, and scalably. This innovation could transform how data centers are built and maintained, making it easier to meet the high energy demands of AI systems without increasing the physical footprint or complexity of the infrastructure. "A paradigm shift is happening right in front of our eyes," said Jeffrey Morroni, TI Fellow and director of power management R&D at Kilby Labs. "AI data centers are pushing power limits to levels we never imagined. TI's expertise in power conversion, combined with NVIDIA's AI leadership, is helping make 800V systems a reality." Gabriele Gorla, VP of System Engineering at NVIDIA, added, "Semiconductor power systems are crucial to building high-performance AI infrastructure. By working with TI, we're creating an architecture that can support the next generation of large-scale AI data centers with greater efficiency." This partnership is a significant step forward in enabling the future of AI computing—where performance, power, and practicality must go hand in hand.
