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Texas Instruments (TXN - Analyst Report), or TI, recently unveiled the industry’s first floating switch architecture to simplify offline LED drive design. The floating switch architecture with TI's TPS92411 requires no inductive components for power transfer, thus lowering cost and simplifying design at the same time.

LED lamps most commonly feature flyback, buck and boost converters’ SMPS technologies, which operate at high frequencies, need inductive components and expensive custom components. The implementation of phase dimming therefore requires multiple iterations. TI’s solution is targeted at achieving fade LED lighting within a fixed voltage range and without the use of inductors or isolation transformer.

TI’s constant endeavor to develop products targeting different applications such as microcontroller, factory automation, smart grid, high-voltage power, and LED lighting and control should help it grow revenue even as it moves away from some traditional markets.

In the third quarter of fiscal 2013, TI generated revenues of $3.24 billion that were up both sequentially and year over year.

The Analog business grew 10.7% sequentially and 4.8% year over year. All product lines contributed to the sequential increase in analog revenues although power management products saw the strongest increase. TI attributed the year-over-year increase to very strong SVA sales, supported by somewhat higher HPA and power management and flattish HVAL.

Currently, Texas Instruments has a Zacks Rank #3 (Hold). Other stocks that look attractive this season are Intersil Corp (ISIL - Snapshot Report), Jarden Corp (JAH - Snapshot Report) and Microchip Technology Inc (MCHP - Analyst Report), all with a Zacks Rank #2 (Buy).

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