Texas Instruments Texas Instruments (NASDAQ: TXN) manufactures a wide range of analog and embedded chips for consumer electronics, cars, industrial machines, and other markets. Higher interest rates, which counter inflation, are also sparking fears of an economic slowdown and causing investors to rotate from dividend stocks toward lower-risk bonds. That business model insulates it from the ongoing chip shortage, and its cost-cutting migration from 200mm to 300mm wafers over the past few years enabled it to significantly reduce its own manufacturing costs and boost its gross margins.