World No.1 in analog chips
Texas Instruments
Texas Instruments is the world No.1 in analog chips, broadly supplying power and signal ICs across industrial, automotive and electronics. Unlike analog peers that lean on foundries, it runs its own 300mm fabs at scale to in-source long-term cost and supply (with some mature nodes outsourced to UMC), buying front-end tools from Applied Materials, Tokyo Electron and ASML. Its results are governed by the industrial and automotive inventory cycle.
TXN Updated Jul 12, 2026 5 AI consumers· 4 recurring
Per the valuechain.wiki graph, Texas Instruments is directly linked to 7 companies (6 supply, 1 revenue relationships) and reaches 23 companies within two hops; the links are backed by 9 dated sources, 4 of them primary filings (as of 2026-07-12).
Financials & Segments
- Total revenue · $17.68bn (FY2025, +13%)
- Customer concentration · World No.1 in analog (Analog $14.01bn).
- Segments · World No.1 in analog chips
Revenue from
- industrial & automotive OEM (undisclosed) Medium confidence· Revenue $17.68 · FY2025 · TI FY2025 revenue (+13%, Analog $14.01B, Embedded $2.70B)
Supplies analog and power ICs to industrial and automotive OEMs. - Apple Low confidence· Market share >19% · 2024 · global analog share
Supplies analog and power ICs to Apple.Confirms EN TI official results Published Jan 27, 2026: TI official results — texas-instruments results
Pays to
- Applied Materials High confidence
Purchases front-end equipment from Applied Materials. - ASML Medium confidence
Buys front-end equipment from ASML. - Synopsys Medium confidence
Pays for synopsys EDA tools and IP licenses. - Cadence Design Systems Medium confidence
Pays for cadence EDA tools and IP licenses. - United Microelectronics (UMC) Medium confidence
Pays UMC for mature-node foundry.Confirms EN Tom's Hardware Published Jun 15, 2025: UMC mature-node roadmap and major customers (TI, MediaTek, Qualcomm) - Tokyo Electron (TEL) Medium confidence
Purchases front-end equipment from Tokyo Electron. - components, materials & R&D (undisclosed) Low confidence
Parts, materials and R&D (undisclosed).
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Target Corporation | lead2 | +32.9 | -34.2 | -1.4 | -2.3 | -24.5 | +72.9 |
| T-Mobile US, Inc. | lead2 | -14 | +20.7 | +15 | +39.7 | -6.6 | -9.2 |
| Take-Two Interactive Software, Inc. | lead2 | -14.5 | -41.4 | +54.6 | +14.4 | +39.1 | -16.1 |
| Apple | lead1 | +34.6 | -26.4 | +49 | +30.7 | +9.1 | +18 |
| Texas Instruments | node | +17.5 | -9.9 | +6.4 | +13.1 | -4.5 | +51.5 |
| United Microelectronics (UMC) | benef1 | +43.2 | -40.3 | +39.2 | -19 | +28.8 | +168.9 |
| Applied Materials | benef1 | +83.6 | -37.5 | +68 | +1.1 | +59.6 | +77.6 |
| ASML | benef1 | +64.1 | -30.5 | +39.9 | -7.7 | +55.8 | +61.1 |
| Tokyo Electron (TEL) | benef1 | +40.4 | -14.5 | +89.8 | -4.4 | +61.6 | +30.3 |
| Cadence Design Systems | benef1 | +36.6 | -13.8 | +69.6 | +10.3 | +4 | -6.4 |
| Synopsys | benef1 | +42.1 | -13.4 | +61.3 | -5.7 | -3.2 | -16.2 |
| Ichor Holdings | benef2 | +52.7 | -41.7 | +25.4 | -4.2 | -42.8 | +205.9 |
| GlobalWafers | benef2 | +26.9 | -29.9 | +14.3 | -39 | +48.9 | +98.1 |
| Lam Research | benef2 | +53.7 | -40.7 | +88.6 | -6.8 | +139.2 | +80.1 |
| MKS Instruments | benef2 | +16.4 | -51 | +22.6 | +2.2 | +54.4 | +63.3 |
| KLA | benef2 | +68 | -11.2 | +56 | +9.4 | +94.5 | +53.3 |
| Advanced Energy Industries | benef2 | -5.7 | -5.4 | +27.5 | +6.6 | +81.6 | +34.3 |
| SMC Corporation | benef2 | +0.9 | +4.5 | +28.6 | -28 | +4.2 | +12.5 |
| Parker-Hannifin Corporation | benef2 | +18.3 | -6.9 | +60.8 | +39.6 | +39.5 | +10.2 |
| TCK (Tokai Carbon Korea) | benef2 | -10.1 | -16.9 | +2.8 | -28.7 | +225.7 | +5.9 |
| Hana Materials | benef2 | +106 | -30.5 | +26.1 | -47.4 | +173.9 | -25.4 |
YTD as of 2026-09-04 · source: Yahoo Finance
Texas Instruments is the World No.1 in analog chips. It is up +51.5% in 2026. The supply side (avg +84.5%) has moved harder than the stock (+51.5%). That is the classic bottleneck pattern: supplier volume leverage is being priced before this layer's own margin. Among connected nodes the furthest ahead is United Microelectronics (UMC) (+168.9%) and the furthest behind is Apple (+18%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Its results are governed by the industrial and automotive inventory cycle.
Analysis generated from returns as of 2026-09-04Analyst ratings
Consensus: Buy 2 · Hold 0 · Sell 1 · Avg. target $309 · Price $258.44 (09-04) · Upside +20%