Texas Instruments (TXN - Analyst Report) or "TI” launched two power management chipsets with its new MaxLife fast-charge technology that will cut down charging time by 30%.
TI’s new fuel gauge circuits, bq27530 and bq27531, coupled with bq2416x and bq2419x chargers, enable quick charging. These protect the battery and increase its longevity, thus expanding usage time for electronic devices.
TI’s new chipsets facilitate quick charging for single-cell lithium battery packs. The charger helps designers reduce software overhead, and maintain safety, accuracy and efficiency. The charger provides better thermal management with minimum heat generation.
Both fuel gauge circuits, bq27530 and bq27531, along with their chargers come in a 2-mm by 1-mm by 0.65-mm, 15-pin wafer chip scale (WCSP) package with a price tag of $2.07 in 1,000-unit quantities.
With the continued rise in the use of consumer electronic devices and smartphones, product designers these days are facing challenges to incorporate advanced features in handsets that are driven by high-capacity batteries.
Consequently, TI’s increasing focus on introducing new products in the market should generate good returns. The company’s endeavor to provide a diverse portfolio targeting different applications such as smart grid, factory automation, high-voltage power, LED lighting and control are also positives for its future revenue growth.
In the first quarter of fiscal 2013, TI generated total revenue of $2.89 billion, which was down 3.2% sequentially and 7.6% year over year (slightly better than the mid-point of the recently narrowed guidance range of $2.80 billion to $2.91 billion).
The Analog business fell 1.3% sequentially and 2.3% year over year. TI attributed the year-over-year decline primarily to SVA, which continues to shift to a consignment model. HVAL and HPA also declined but were offset by an increase in the power management product line.
Texas Instruments has a Zacks Rank #3 (Hold). Other stocks that have been performing well and are worth a look include IAC/InterActive (IACI - Snapshot Report), Overstock.com and PetMed Express (PETS - Analyst Report), all carrying a Zacks Rank #1 (Strong Buy).