Texas Instruments (TXN)

Broadest analog/embedded chip catalog — the industrial/auto analog backbone

AI exposure 9% — derived from reported segment revenue, not asserted.

Where it sits

Silicon Layer → Analog, Logic & Mixed-Signal ICs · figures rebased to Q2 2026, reported 2026-07-22

Power + Signal Chain (industrial/auto/data-center power) leads 2 businesses in this sub-tier that together are 96% of revenue, so Analog, Logic & Mixed-Signal ICs is effectively the whole company rather than one leg of it.

Reported segments

Analog — 79% of revenue
Embedded Processing — 17% of revenue
Other — 4% of revenue

~70% of revenue from industrial+automotive end-markets (Tier B end-market lens). Data-center power is a growing named end-market within Analog. Pure B1 analog leader.

How the 9% is built

Analog — 79% of revenue × 10% AI-driven (estimate). Labeled estimate, deliberately unchanged: TI reports data center as a named end market qualitatively only. Doubling YoY off a small base is directional support for the existing 10% within Analog, not a basis for raising it — the atlas will not invent a number TI declines to give.
Embedded Processing — 17% of revenue × 5% AI-driven (estimate). Microcontrollers serve industrial and auto embedded control, largely independent of AI infrastructure demand; nothing new disclosed
Other — 4% of revenue × 0% AI-driven (estimate). Catch-all revenue with no meaningful AI linkage

Investment read

Moat. Unmatched breadth of analog/embedded catalog (100k+ products) + owned manufacturing (300mm cost lead) + sticky long-life designs. Classic wide-moat analog.

Bottleneck / pricing power. Pricing power via catalog breadth and design stickiness — analog parts live in a design for decades — and the 300mm cost lead is now showing in the P&L rather than in the pitch: gross margin recovered to 61% from the ~58% trough with operating profit up 48% on 23% revenue growth. The constraint is Chinese domestic analog vendors cloning commodity catalog parts into China-built industrial and consumer goods, roughly a fifth of revenue.

Role in the AI stack. The analog/embedded backbone — power & signal-chain across all electronics.

Connected companies

NVIDIA (NVDA) — TXN supplies: power-management ICs co-developed for 800VDC AI rack architecture
Vertiv Holdings (VRT) — TXN supplies: power-management + GaN devices into data-center power systems
Eaton Corporation (ETN) — TXN supplies: power conversion / protection ICs into electrical equipment
Schneider Electric (SU) — TXN supplies: analog + embedded control into energy-management equipment
Advanced Micro Devices (AMD) — TXN supplies: power-management ICs for server platforms
Johnson Controls (JCI) — TXN supplies: analog + control ICs for building/cooling systems
Rockwell Automation (ROK) — TXN supplies: analog + embedded control ICs for automation
Emerson Electric (EMR) — TXN supplies: analog + control ICs for instrumentation/automation
Analog Devices (ADI) — TXN competes with: #1 vs #2 broad-line analog; TXN scale/300mm vs ADI high-performance/precision
NXP Semiconductors (NXPI) — TXN competes with: Automotive analog + embedded processing rivalry
ON Semiconductor (ON) — TXN competes with: Power management + industrial analog
Monolithic Power Systems (MPWR) — TXN competes with: Power-management ICs (MPWR increasingly in data-center power delivery vs TXN)
Infineon Technologies (IFNNY) — TXN competes with: analog/power IC rivalry
Microsoft (MSFT) — TXN supplies: analog/power for Microsoft data-center hardware

Others in Analog, Logic & Mixed-Signal ICs

All 174 companies · What moved this quarter · How the map is built