Texas Instruments (NYSE: TXN), widely known as TI, is an American company based in Dallas, Texas, United States, renowned for developing and commercializing semiconductor and computer technology. TI is the No. 4 manufacturer of semiconductors worldwide after Intel, Samsung and Toshiba, and is the No. 2 supplier of chips for cellular handsets after Qualcomm, and the No. 1 producer of digital signal processors (DSPs) and analog semiconductors, among a wide range of other semiconductor products. Due to very early understanding of the Internet back in spring 1986, the company was the 13th firm to register its domain name, the famous TI.com. It is one of the 58 global brands to be in the Internet Hall of Fame owning a two letter domain name. As of 2009, the company was listed at number 215 on the Fortune 500.
As the defense industry consolidated, TI sold its defense business to Raytheon in 1997 for $2.95 billion. The Department of Justice required that Raytheon divest the TI Monolithic Microwave Integrated Circuit (MMIC) operations after closing the transaction.