TI capex to fall as six-year investment cycle winds down, Sherman fab ramp ahead schedule

What happened

Texas Instruments plans to cut its 2026 capital expenditure to $2-3 billion, down from $4.6 billion in 2025, marking the end of a six-year investment cycle. This reduction follows the ahead-of-schedule ramp of its Sherman fab, which will increase supply. Bearish: The combination of new fab capacity coming online and a significant capex reduction signals a shift from aggressive expansion to supply normalization, potentially easing pricing pressure for TI's analog and embedded products.

Impact and signal

Affected components and suppliers

Source and time

Source: DigiTimes Asia · 2/24/2026 · View original source