Is Texas Instruments Exiting the Semiconductor Technology Rat Race?
This is the most interesting exchange from the TI conference call (see the full transcript) last night: Michael Masdea – Credit Suisse Thanks. Then, to your structuring commentary and your manufacturing commentary, does this suggest that — a couple of things: one, that you have to be more tied to your foundries and cannot maybe move around businesses much? Then secondly, does it increase your percentage of outsourcing that we have gotten used to? Kevin P. March I will take that in reverse order. We do not expect it to change in any material way the level of outsourcing that we have done. We have averaged about 50% of our most advanced digital processes. As far as tying us to any one foundry, no, we do not expect it to change that either. Really, what we are doing there, just to make sure folks understand, we have been working with the foundries now for 5-plus years, and really developed some good relationships and gotten pretty comfortable with how they operate. During that period, we
