Ti Ceo Left Office For Less Than Two Months Because Of Violation Of Company Standards

Since this year, the personnel of the chip industry have been vibrant. On Tuesday, the American semiconductor giant TI CEO Brian Krace (BrianCrutcher) suddenly announced his departure, which was less than two months after he took office in June 1st. After the announcement, TI's share price was limited.

In a statement released on Tuesday, TI said that the reason for his departure was that he violated the company's code of conduct. "This violation is because personal behavior is inconsistent with our moral and core values and has nothing to do with company strategy, operation or financial reporting." The statement said, but the company did not disclose details. Rich Tapton, RichTempleton, will take over this position.

In an employee oriented internal video, Mr Templeton said TI board adopted this measure after receiving reports on the behavior of crac. A spokesman for TI declined to comment on the nature of kirchai's violation, and refused to disclose whether it was related to personal relations.

Analysts say the news is surprising. Because TI has been doing well in recent years, and the company is very low-key and executives are very careful. It is understood that crac may be forced to give up to 43 million 300 thousand dollars in stock awards.

But the market's response was cold, partly because it believed that Templeton could help the company achieve a smooth transition. Templeton, 59, has previously led TI for 13 years. During his term of office, he made the company from the leading analog chip providers to become one of the most profitable enterprises in the industry. Meanwhile, the company's share price rose from $25 to $100. As of this month, TI's share price has risen 344% compared with 2004, and Nasdaq index has risen 300% during the same period. TI's excellent performance has really impressed many companies struggling for performance. Over the past year, TI's stock price has risen more than 40%, more than most chip companies.

According to IHSMarkit, the global industrial semiconductor output value was 49 billion 100 million US dollars in 2017, with an annual increase of 11.8%, of which the top market share of TI's market share was more than $5 billion in industrial semiconductor revenue. The second to fifth ranking were Adno (ADI), Intel (Intel), Infineon (Infineon) and Italian semiconductor (Italy) semiconductor. ST).

In the year of 2017, TI's revenue was close to 15 billion US dollars. In the fiscal quarter of March this year, its revenue was $4 billion 20 million, net income was $1 billion 366 million, and its profit margin was 36%. TI will announce its second quarter earnings in July 24th.

The chip industry is being examined more and more severely in the industry. Crac is the third leading chip company to quit in less than two months, including the chip giant Intel and chip maker RambusCEO. Among them, Intel said in an official press release that a lawyer's ongoing investigation confirmed that () violated the Intel "non - fellowship policy (non-fraternizationpolicy)", and that RambusCEORonBlack was also because some of the behavior did not meet the company standards, but did not disclose more details.

The global chip industry is a market with a scale of US $412 billion. It is the oldest industry in Silicon Valley. In 2017, the proportion of male employees in Intel reached 73.5%, nearly half of them were 47.8%, and the proportion of men in GPU was 83.5%. This reality has led to corporate culture challenges within the company.