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Texas Instruments (TXN - Analyst Report) or "TI” recently launched its SafeTI Compiler Qualification Kit.

The kit will assist designers in their use of TI ARM C/C++ compiler in a way that meets safety standards such as IEC 61508 and ISO 26262. The IEC 61508 is an international standard of rules for maintaining safety standards in an industry. The ISO 26262 is also a safety standard that regulates each product development phase such as specification, design aspect, implementation, integration, verification, validation and production release.

The kit has been developed for use with TI ARM Cortex-R4-based Hercules ARM microcontroller (MCU) platform and is based on tool qualification methodology developed by Validas. The kit also includes the SuperTest qualification suite from Associated Compiler Experts (ACE).

The launch of the new kit will boost TI’s broad portfolio of microcontrollers (MCUs) and software, which includes ultra-low-power MSP MCUs, real-time control C2000 MCUs, Tiva ARM MCUs and Hercules ARM MCUs.

Thus, TI’s constant endeavor to develop products targeting different applications such as microcontroller, factory automation, smart grid, high-voltage power, LED lighting and control may boost its revenue growth in the future.

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 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 semiconductor stocks that are worth considering include Linear Technology Corp. (LLTC - Analyst Report), ON Semiconductor Corp. (ONNN - Analyst Report) and Intersil Corp. (ISIL - Snapshot Report), all carrying a Zacks Rank #2 (Buy).

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