35 Chip Stocks In Focus Amid Tech Selloff

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15. Texas Instruments Incorporated (NASDAQ:TXN)

Number of Hedge Fund Holders: 57

Texas Instruments Incorporated (NASDAQ:TXN) designs, manufactures, and sells semiconductors to electronics designers and manufacturers. In December last year, the US Department of Commerce awarded the firm up to $1.6 billion in CHIPS Act funding to support three new 300mm semiconductor wafer fabs under construction in Texas and Utah. The company also expects to receive an estimated $6 billion to $8 billion from the US Department of the Treasury’s Investment Tax Credit for qualified US manufacturing investments. In earnings for the fourth quarter of 2024, the firm reported EPS of $1.30, beating estimates by $0.10, and revenue of $4 billion, beating estimates by $140 million.

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