Those end markets will require more of TI's analog and embedded chips to support newer technologies like 5G networks, the Internet of Things (IoT), artificial intelligence (AI) services, automation platforms, and driverless vehicles. Whereas "fabless" chipmakers like Nvidia and Qualcomm outsource all of their production to third-party foundries, TI manufactures its analog chips (which generated 76% of its revenue in its latest quarter) at its own plants. The one reason to sell TI: its valuation Texas Instrument's strengths have made it a popular defensive stock this year as inflation-related headwinds have crushed higher-growth tech plays.