Semiconductors have outperformed payments by 71% from the markets pre Covid high through last Friday. While also outperforming every other tech sub sector.
Payments are actually down vs. their pre Covid high.
Via PC at GS
I recently layed out why I am long $TXN (5% portfolio).
They had their capital management presentation this week laying out the next decade.
Let's dive into it a little 👇 Retweet if you enjoyed
Here's a more granular breakout and what they expect their internal vs external percentages are going to be. TXN is in housing more overtime, and I'm encouraged by their smoothness of the capex curve.
Thanks to the Chip Shortage, Texas Instruments Is Worth $170 Billion
I believe this title was meant to say "Thanks to building one of the most durable and profitable businesses in the world..."
wsj.com/articles/thank…
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