Feb 13, 2019 / 07:40PM GMT
Toshiya Hari - Goldman Sachs Group Inc., Research Division - MD
Great, we'd like to get started. Thank you, everyone, for coming. I'm Toshiya Hari. I cover the semiconductor and semi cap equipment space at Goldman Sachs. We're very excited to have Texas Instruments with us here today, Rafael Lizardi, Chief Financial Officer; and Dave Pahl from Investor Relations. Thank you guys for the time.
Rafael R. Lizardi - Texas Instruments Incorporated - Senior VP of Finance & Operations, CFO and CAO
Yes, thank you.
Dave Pahl - Texas Instruments Incorporated - Head of IR & VP
Thanks for having us.
Questions and Answers:
Toshiya Hari - Goldman Sachs Group Inc., Research Division - MDCollectively, we're all very focused on the cycle, as you guys can imagine. TI seems to have a very robust playbook, which you guys follow when navigating the cycle. Curious, end of 2018, when you decided this -- to cut wafer starts, what was in the marketplace that you saw? And more