Analog chipmaker TI tempers capital expenditure plans amid activist pressure
Aug 20 (Reuters) -Texas Instruments TXN.O on Tuesday pulled back on its annual capital expenditure plans while it expands manufacturing capacity, as the analog chipmaker faces pressure from activist investor Elliot Investment Management to temper expenses.
The company now expects capital expenditure in 2026 to be between $2 billion and $5 billion, compared with its initial plans to spend about $5 billion per year through 2026 to build out its manufacturing capacity.
Reporting by Arsheeya Bajwa in Bengaluru
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