Texas Instruments is a leading global semiconductor manufacturing company. In an interview with Forbes China, the company's China executives said that Texas Instruments is strong in the relatively large-scale commercial sectors such as China's auto, industrial products and personal electronic products, so it will grow steadily in China.
At the 2017 Forbes China Outstanding Business Women Awards Ceremony held last Friday, Sandy Hu, President of Texas Instruments, said during the event: "We expect that we will still have many opportunities in the market in the next few years. Hu Weihua ranked 74th in the list of Forbes China's Outstanding Business Women released in January 2017.
During the period of reform and opening up, Texas Instruments was the first American to invest in China. As of 2016, Texas Instruments has gone through 30 years of experience in China. Texas Instruments' latest annual report shows that last year, the company's total revenue was $13.4 billion, and about $6 billion came from exports to mainland China and Hong Kong. In 2015 and 2014, revenues from China were $5.8 billion and $5.7 billion, respectively.
Hu Yuhua said that Texas Instruments has high hopes for China's auto market. It is expected that by 2025, the sales volume of products will reach 35 million sets, leading the world. In dollar terms, the value of electronic devices in each vehicle will be twice that of current gas vehicles. This will bring new opportunities to Texas Instruments. China's growing demand for solar and green energy-related products, as well as automation equipment, will also help China's overall industrial market “develop rapidly in the next few years†and potentially benefit Texas Instruments.
Hu Yuhua also said that the company needs to focus on implementing the plan without any new investment, rather than making new large investments. Currently, the company has the ability to manufacture semiconductors in an integrated manner, with three research centers and 18 sales and application support offices in China. Economists expect China's GDP growth rate to be 6%-7% this year. Therefore, Texas Instruments will have a favorable macroeconomic environment.
Hu Yuhua joined Texas Instruments in 2000 as a sales engineer. In 2015, she was appointed President of Texas Instruments China. Hu Yuhua holds a bachelor's degree in computer science from Central South Institute of Technology and a master's degree in business administration from Hong Kong University of Science and Technology.
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