12 American Companies That Control Tech
11. Texas Instruments Inc. (NASDAQ: TXN)
>Market Cap: $109.66 billion
>Revenue: $14.96 billion [December]
>Net Income: $5.35 billion
>Shares outstanding: 983.8 million
Texas Instruments is the second oldest company on this list. Founded in 1930, the company’s current products include both analog and embedded semiconductors that most people never see but that are nonetheless included in practically every device that has a circuit board — even stoves and washing machines. The obvious next phase in TI’s life is focusing on automotive and industrial markets, where demand for sensors and other types of chips will be growing over the next decade. For the current fiscal year, analysts forecast revenue of $15.98 billion and have a 12-month consensus price target on the stock of $120.70.
12. Broadcom Inc. (NASDAQ: AVGO)
>Market Cap: $102.51 billion
>Revenue: $17.64 billion
>Net Income: $1.78 billion [October – reported as Broadcom Ltd.]
>Shares outstanding: 409.36 million
>Employees: approximately 14,000
Broadcom’s failed effort at a hostile takeover of Qualcomm kept its name front and center of the business pages for months. Since then, the semiconductor maker has re-domiciled from Singapore to the United States and change its name (slightly) from an Ltd. to an Inc. Even without Qualcomm’s communications chip business, Broadcom has a solid foothold in the wireless networking, enterprise storage, and industrial sectors. For the current fiscal year, analysts forecast revenue of $20.79 billion and have a 12-month consensus price target on the stock of $310.34.