Texas Devices Integrated (NASDAQ:TXN) Financial institution of America International Know-how Convention June 4, 2025 2:20 PM ET
Firm Individuals
Dave Pahl – Head of Investor Relations & VP
Rafael R. Lizardi – Senior VP & CFO
Convention Name Individuals
Vivek Arya – BofA Securities, Analysis Division
Vivek Arya
Good morning. Welcome again. Actually comfortable to have the administration crew from Texas Devices be part of us as we speak, Rafael Lizardi, Chief Monetary Officer; and Dave Pahl, Head of Investor Relations. I am Vivek Arya from the BofA semiconductor crew. Typical hearth session. I will have my questions, however please be at liberty to boost your hand if you want to convey up something. However actually delighted to see you, Rafael and Dave. I admire you becoming a member of us.
Rafael R. Lizardi
Thanks. Good morning. Blissful to be right here.
Query-and-Reply Session
Vivek Arya
So possibly let’s begin, Rafael, with the state of the union, the way you’re seeing the demand surroundings form up a variety of macro crosscurrents clearly? However how are you seeing the demand surroundings form up proper now versus what you thought in the beginning of the 12 months?
Rafael R. Lizardi
Sure. No. As we mentioned on the final earnings name, we’re beginning to see a broad restoration on this area is what seems to be the start of semiconductor cyclical upturn, and it is coming in at a time once we are very effectively ready — bless you. Very effectively ready for it. We have been investing in stock, however extra importantly, on CapEx during the last 4 or so years. And we have now our Part 2, we have now SM1, SM2. We have now LFAB1 and LFAB2 at completely different ranges of completion, and we’re prepared for what the market throws at us.
Vivek Arya
Okay. If you got here up with the CapEx plan, Rafael, a couple of years in the past, at the moment, the