New York, Feb 9, 2026, 12:41 PM EST — Regular session
- Texas Instruments stock slipped as the market reacted to new governance disclosures and the latest annual report filings.
- A new SEC filing includes a “forum selection” clause, pushing designated shareholder lawsuits into Delaware courts.
- U.S. payrolls land Wednesday, with CPI inflation numbers due Friday—both on traders’ radars this week.
Shares of Texas Instruments slipped Monday, with the stock last off 0.1% at $221.11 midday, after hitting a session low of $218.32. The move came as the chipmaker revealed bylaw revisions directing certain shareholder suits to designated Delaware and federal courts. 1
The timing is notable, with Texas Instruments already under scrutiny after announcing a $7.5 billion all-cash takeover of Silicon Laboratories—its largest buyout since National Semiconductor back in 2011. Executives say the purchase will be financed using a combination of existing cash and new debt, and they’re aiming to wrap up the deal in the first half of 2027. 2
Texas Instruments’ annual report, dropped on Friday, shows the chipmaker dialing back on capital outlays after ramping up factory builds in previous years. TI is now targeting capex between $2 billion and $3 billion in 2026, following a planned $4.55 billion spend in 2025. For 2025, the company put revenue at $17.68 billion, with free cash flow at $2.94 billion. 3
Chip stocks climbed in early action, though the sector remains volatile as investors argue over the durability of the AI investment cycle—and who ultimately benefits. “It’s an eye-popping number, $650 billion… and that’s not something that investors are used to,” said Anna Rathbun, founder and CEO of Grenadilla Advisory, pointing to the planned capital outlays by Big Tech. The Philadelphia SE Semiconductor index was last up roughly 1.5%. 4
This kind of bylaw tweak—mostly legal housekeeping—typically doesn’t budge a stock. Basically, it limits where lawsuits can be brought, steering cases to Delaware’s Court of Chancery or federal courts in the U.S., depending on what’s being alleged.
Texas Instruments relies on its scale and internal manufacturing for margin protection during downturns, pointing to its 300-millimeter wafer production as a cost advantage. If the Silicon Labs deal goes through, TI would bring wireless connectivity chips into its analog-focused lineup.
The real concern for the market remains demand. On Friday, the Semiconductor Industry Association projected worldwide chip sales reaching $1 trillion this year. SIA CEO John Neuffer, speaking to Reuters, said, “No one knows what’s going to happen with the AI build out a year from now, but my orders are completely full.” 5
Plenty could derail this. Regulators might tighten scrutiny of the Silicon Labs deal. Synergy targets aren’t guaranteed—those could easily fall short. If data-center budgets freeze up unexpectedly, that would weigh on chip stocks, regardless of Texas Instruments’ focus on industrial and automotive markets.
Texas Instruments stock has traders juggling two timelines: big-picture economic numbers and progress on the deal front. Looking ahead, the delayed January nonfarm payrolls hit on Feb. 11, with January CPI right behind on Feb. 13. Any fresh merger filings or regulatory updates tied to the Silicon Labs deal could upend the outlook in a hurry.
