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CLAIM #58438 · Texas Instruments Incorporated (TXN) · 2026Q2 earnings call · Jul 22, 2026 · due Dec 31, 2026

Lehi 2 will come in just in time at the end of this year, we'll have the shell, and we can again grow into it seamlessly as it's not a new site, and we don't need new customer qualifications.

Haviv Ilan · CEO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Completion status of the Lehi 2 fab shell (facility construction milestone)

It came true if: Company confirms Lehi 2 shell construction completed by end of 2026

Where: Management commentary on TXN earnings calls / investor presentations (e.g., Q4 2026 call or capital management update)

In context

Haviv Ilan : Thanks, Josh. I think I also said in my prepared remarks, we are excited about where we are because we have the clean room. The clean room was our biggest headache in the previous cycle that, as you know, takes 2 to 3 years to be able to equip a clean room, and that's behind us. When you think about the combination of while we are equipping in a very high level Richardson, RFAB 2, we have a full clean room available almost in Sherman 1. So -- and not to mention a shell, a second shell in Sherman 2. So when I think about our Analog opportunity to grow into the brick-and-mortar we have, we are in a great shape. On Lehi, we do have to execute on Lehi 2 because as you remember, Lehi 1 enjoys the transfer of external manufacturing done in foundries into Lehi 1, but we are also starting to see growth that is not insignificant on the embedded side. So Lehi 2 will come in just in time at the end of this year, we'll have the shell, and we can again grow into it seamlessly as it's not a new site, and we don't need new customer qualifications. Now what we will need to do, and I think Rafael alluded to it, we need to equip the fabs. And we are prepared for a wide range of scenarios, but I think uniquely prepared versus the competition. I think we are -- we have done the hard work ahead of time. And we have capacity to build into. And regarding the exact numbers, I'll let -- we'll keep that for the capital management call in February. But as Rafael discussed, we're already making decisions right now to think about not only '27 and '28, even beyond. Anything to add, Rafael?

Verify independently

SEC filings for TXN · Claim quote is verbatim from the 2026Q2 earnings call.