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This growth was broad-based across sectors, Pahl stated. The industrial market contains 14 sectors, Lizardi stated, so TI isn’t depending on anyone product or customer. Because of the nature of the market, merchandise final a long time, which suggests one funding results in years’ value of cash circulate. Manufacturing facility automation was one space of development. Lizardi also cited dwelling know-how, together with thermostats, which he mentioned 10 years in the past contained about $4 worth of semiconductors. Now, smart thermostats may have $20 price of semiconductor content material, including chips for power management, analog-to-digital conversion and Wi-Fi.
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