NEW YORK, January 2, 2026, 14:59 ET — Regular session
- Texas Instruments shares rose about 2.9% in afternoon trading, outpacing the broader market’s mixed tone.
- Chip peers climbed alongside TXN, with the iShares Semiconductor ETF up about 4.5%.
- Traders are focused on next week’s U.S. jobs report and inflation data for clues on the path of 2026 rate cuts.
Texas Instruments Incorporated (TXN) shares rose 2.9% to $178.54 by 2:59 p.m. ET on Friday, up from a prior close of $173.49, as semiconductors led gains to start the year.
The move matters because Texas Instruments is heavily exposed to industrial and automotive demand, end-markets investors watch for early-cycle turns as 2026 begins.
The advance tracked strength across the chip group, with the Philadelphia Semiconductor Index up about 3.5% on the session. “The next Fed Chair is probably going to be much more dovish than Jerome Powell,” said Dennis Dick, chief market strategist at Stock Trader Network. Reuters
Analog Devices rose 1.2%, NXP Semiconductors gained 2.5% and Microchip Technology added 2.7%, while the iShares Semiconductor ETF climbed 4.5%.
Markets are heading into a data-heavy stretch, with the U.S. monthly jobs report due January 9 and consumer price inflation due January 13, after the S&P 500 ended 2025 up more than 16%. Investors are also bracing for fourth-quarter earnings season and watching for developments around tariffs and the next Federal Reserve chair.
Chip sentiment has also been supported by continued focus on AI-related demand, after Reuters reported Nvidia had approached TSMC to raise output of its H200 chips as Chinese orders increased.
Texas Instruments is best known for analog semiconductors — chips that help manage power and translate real-world signals into data electronics can use — alongside embedded processing chips used in everything from factories to vehicles.
The company has warned investors not to expect a straight-line recovery. In October, Texas Instruments forecast fourth-quarter revenue and profit below Wall Street expectations, citing uncertainty around U.S. tariffs weighing on the pace of the analog-chip rebound.
Management has also been navigating leadership transition at the top of the board. Texas Instruments said its board elected CEO Haviv Ilan to take on the additional role of chairman beginning January 2026, succeeding longtime chairman Rich Templeton, who was set to retire at the end of 2025.
On the operations side, the company has been expanding U.S. capacity. Texas Instruments said in December it began production at its newest 300mm semiconductor manufacturing facility in Sherman, Texas, with the site expected to ramp based on customer demand.
Before next week’s key economic releases, investors will also be watching for any fresh signals from the company’s product and end-market messaging around CES 2026 in Las Vegas, which runs January 6–9.
For TXN, the near-term test is whether today’s sector-driven bid holds as trading volumes normalize after the holidays, and whether incoming data keeps rate-cut expectations supportive for higher-multiple chip names. Longer term, investors remain focused on signs of improving industrial and automotive orders, inventory digestion across the supply chain, and how new capacity spending flows through margins.
