Texas Instruments Incorporated (TII.DE) Stock Analysis & Winston Score

Texas Instruments makes semiconductors — tiny chips that control electronics. Its main products are analog chips and embedded processors, which help devices manage power, sense the real world, and run basic tasks. These chips go into cars, factory machines, medical devices, and home appliances, making industrial and automotive customers its two largest markets. The company sells chips directly to manufacturers and earns revenue each time a customer buys hardware. Texas Instruments operates globally, with significant manufacturing in the United States, and generates roughly $15 billion in annual revenue. Its moat comes from owning over 80,000 chip designs and selling to more than 100,000 customers, which makes it hard for rivals to replace. The key risk is that chip demand is cyclical — when factories and automakers slow down orders, Texas Instruments' revenue can drop sharply, as seen in recent years when industrial customers worked through excess inventory.