CLAIM #58051 · Texas Instruments Incorporated (TXN) · 2021Q4 earnings call · Jan 25, 2022 · due Sep 30, 2022
“We expect to continue to increase incrementally, again, relatively small steps for another two quarters, and then RFAB2 comes online sometime in the third quarter of this year of 2022, and that will give us more legroom on those tailwinds.”
Rafael Lizardi · CFO
In context
“trength was broad-based across geographies and end markets, et cetera. On your specific comment on capacity. As we have said probably for the last four quarters or so any longer, we have been and will continue to bring capacity incrementally. Incrementally, meaning relatively small steps. But nevertheless, those make a difference, especially on a cumulative basis, right? So we have been doing that for some time, and that's obviously helping. I mean you could see not only our revenue has improved during this cycle, but we went from draining inventory to now, the last two quarters, we've actually increased inventory, albeit at a relatively low level, but still much better than draining in inventory. So that gives you an appreciation for what that incremental relations to capacity have done. We expect to continue to increase incrementally, again, relatively small steps for another two quarters, and then RFAB2 comes online sometime in the third quarter of this year of 2022, and that will give us more legroom on those tailwinds. And then about six months later, first Q 2023, we'll have Lehi, LFAB come online once it's qualified, and that will give us also more legroom on that front. Dave Pahl: Do you have a follow-on, Harlan? Harlan Sur: Yes. Thanks. Thanks for letting me ask the follow-up. So when the team announced the purchase of the Lehi 300-millimeter fab, you noted that Lehi would start off with 65- and 45-nanometer analog and embedded processing products, which is somewhat of a strategic change, right, because you guys have always been focused on 300-millimeter analog product. So is TI bringing embedded in-house because you have some sort of competitive differentiators on the manufacturing side for your next-generation embedded portfolio, or is it just a focus on lower cost versus outsourcing and moving th”
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SEC filings for TXN ↗ · Claim quote is verbatim from the 2021Q4 earnings call.