Operator
We go next with Craig Ellis, B. Riley
Craig Ellis, B. Riley
Thanks for taking the question guys and nice job on the quarter. Kevin just a follow up to Vivek’s discussion on embedded processing and expense control, it is really the flip side of that. Can you talk a little bit about what you are looking out at before you would start to invest more in the business? It is clear you want higher operating margins than you have now but what are the things that TI is looking out before it will commit to incremental investment in that business?
Kevin March, SVP & Chief Financial Officer
Yes Craig, I would say we are probably quite a ways off before we even have to entertain a question like that. Our focus for the next few years is managing the total spending side of that business and driving top line growth. Frankly if we begin to see top line growth, then begin to net the kind of bottom line results that we can see happening in other players of that space at that point in time, we might entertain our increase in our spending, but not until then.
Craig Ellis, B. Riley
Okay thank you. The follow up is really taking another swing at something that Chris brought up, which is longer term growth on a segment basis. At least in my model, our calendar ’14 was the first year in the last four or five were embedded processing and analog had similar growth rates and they were both double digits. Philosophically, you should look at this two businesses which have had very different histories, are there reasons why they should have materially different growth rates going forward? Or, given that they are both closer to operating a more optimal level, should they be fairly similar?
Dave Pahl VP, Head of Investor Relations
Yes I think we began to look longer term at the growth rate and the potentials of those businesses, I would start with whether you believe that the semi-conductor market will grow on. We have held the position that we think the semi-conductor market roughly grows at twice the rate of GDP. There are some that will violently agree with this and some that will violently disagree with that basic assumption. But whatever that assumption is, we think both analog and embedded processing are big enough portions of the market that they will grow in line with that. If you look at those businesses, certainly over the last five years, they both had continued to gain share and we believe that we are continuing to invest and that we got a lot of room to gain share. In fact in analog we got 18.3% market share and inside of embedded processing we got around 15 percentage points. So lots of headroom to do that. And we have gained probably 30% , 40% sometimes more than that in market share on a given year. We still have to have everyone report before our final numbers are in. But we are confident that we will gain shares again this year. Kevin do you have anything to add to that?
Kevin March, SVP & Chief Financial Officer
Yes Craig, one thing I would be recommending maybe take a look at, if you take a look at those two segments analog and embedded processing, their quarterly growth rates, I think that was the point you were making. They can vary quite markedly from one another. If you look at the two of them on a year-over-year basis, they are actually are much more correlated than you might expect. They are both gaining share as Dave was mentioning, and they are both going quite nicely on year-over-year basis. So if you do some measurements for those two segments on year-over-year growth rates and compare that back from the last half-dozen quarters or so, I think you might be pleasantly surprised because they go pretty similar at each other.
