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The Ratings Game: As Texas Instruments builds out during downturn, analysts await details on capital spending

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Semiconductor analysts by and large are going to have to wait another week for more details on Texas Instruments Inc.’s decision to stay the course with a long-term capacity buildout as the chip sector continues to search for a true bottom.

Late Tuesday, execs played it cool, assuring investors that Texas Instruments TXN would reveal the rest of its hand Feb. 2 when it comes to its strategy of building out its long-term fab capacity. Meanwhile, even this company — arguably one of the safest bets on the PHLX Semiconductor Index…

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