Wall Street Grand LLC, a leading investor newsletter is pleased to announce to the investment community and Wall Street Grand member’s market moving news about Texas Instrument Inc. most recent $1 billion internal investment. Texas Instrument Inc. (NYSE:TXN) trades on the “New York Stock Exchange” under the symbol: TXN. To learn more about Texas Instrument Inc. (TXN), make sure to visit our exclusive website http://www.wallstreetgrand.com/.
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Texas Instrument, the second largest chipmaker company in the U.S. shows an emerging recovery, and will spend close to $1 billion this year to expand three of their factories and open a fourth to fill orders.
It is essential to rebuild industrial volume after the largest downfall on record in 2009 is elevating capital spending and may arouse hiring. Beneficiaries are led by technology equipment makers Intel Corp., Applied Materials Inc. and EMC Corp., as well as industrial product providers General Electric Co. and Rockwell Automation Inc. Capital spending will increase the total productive volume of the U.S. economy above its pre-recession level of December 2007, helping gross domestic product growth at a 2.7 percent annual rate in 2010.That would be the fastest rate since 2006.
“Our business is growing so we have to build out capacity,” Dave Pahl, Texas Instruments’ director of investor relations, said from Dallas. “Our customers are increasing what they’re building, so that’s increasing our revenue.”
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