The Ratings Game: As Texas Instruments builds out during downturn, analysts await details on capital spending


Semiconductor analysts by and large are going to have to wait another week for more details on Texas Instruments Inc.’s decision to stay the course with a long-term capacity buildout as the chip sector continues to search for a true bottom.

Late Tuesday, execs played it cool, assuring investors that Texas Instruments TXN would reveal the rest of its hand Feb. 2 when it comes to its strategy of building out its long-term fab capacity. Meanwhile, even this company — arguably one of the safest bets on the PHLX Semiconductor Index…

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