Texas Instruments said in a statement issued after the market on Tuesday that the reason for Krachi’s departure was that he violated the company’s code of conduct. 'This violation is because personal behavior is inconsistent with our ethics and core values, with company strategy, operations Or the financial report has nothing to do. ' The statement said, but the company did not disclose the details. Krachi's predecessor, RichTempleton, will take over the post.
In an internal video for employees, Templeton said that the Texas Instruments Board of Directors took this action after receiving a report on the behavior of Clutcher. A Texas Instruments spokesman declined to comment on the illegal nature of Krache and declined to disclose whether Related to personal relationships.
Analysts say the news is surprising. Because Texas Instruments has performed well in recent years, and the company is very low-key, executives are also very careful. It is understood that Krache may be forced to give up as much as $43.3 million in stock. reward.
However, the market reacted coldly, in part because it believed that Templeton could help the company achieve a smooth transition. The 59-year-old Templeton led Texas Instruments for 13 years. During his tenure, he built the company from a leading analog chip provider. One of the most profitable companies in the industry. The company's share price rose from $25 to over $100. As of this month, Texas Instruments' share price has risen 344% from 2004, while the Nasdaq index has risen 300%. Texas Instruments The excellent performance has indeed envied many companies struggling for performance. In the past year, Texas Instruments' share price has risen more than 40%, more than most chip companies.
According to IHSMarkit research, the global industrial semiconductor production value in 2017 was 49.1 billion US dollars, an annual growth rate of 11.8%; among them, Texas Instruments ranked first in the market share of the market, industrial semiconductor revenues exceeded 5 billion US dollars, ranked second to fifth The differences are ADI, Intel, Infineon and ST.
In 2017, Texas Instruments' revenue was close to $15 billion. As of March this year, revenues were $4.02 billion, net income was $1.366 billion, and profit margin was 36%. Texas Instruments will announce on July 24. Second quarter earnings.
The chip industry is being scrutinized by the industry. Krache is the third chip company leader to leave the company in less than two months. Previously, he also included chip giant Intel and chip design vendor Rambus CEO. According to an official press release, a lawyer's ongoing investigation confirmed that (Ke Qiqi) violated Intel's non-fraternization policy, and RambusCEORonBlack also did not disclose more because certain behaviors did not meet company standards. detail.
The global chip industry is a market with a size of US$412 billion and is the oldest industry in Silicon Valley. In 2017, the proportion of male employees in Intel was 73.5%, the proportion of 100 people was nearly half, reaching 47.8%, and the proportion of male GPU giant Nvidia was even more. It is as high as 83.5%. This reality has triggered challenges in the company's internal corporate culture.