Feb 12, 2020 / 05:40PM GMT
Toshiya Hari - Goldman Sachs Group Inc., Research Division - MD
Great. I think we'll go ahead and get started. Thank you all for coming. I'm Toshiya Hari. I cover the semiconductor and semi cap equipment space at Goldman Sachs. Very honored to have Rich Templeton, Chairman, President and CEO from Texas Instruments with us this morning. Rich, thanks for making the trip out.
Richard K. Templeton - Texas Instruments Incorporated - Chairman, President & CEO
It's pleasure to be here.
Questions and Answers:
Toshiya Hari - Goldman Sachs Group Inc., Research Division - MDWe appreciate you spending the time with us. I was hoping we could kick off with a question on the cycle. 2019 was a challenging year for the industry. It was a challenging year for TI, obviously, given how big you guys are. Now that you lived through this past downturn, how would you compare and contrast this downturn that we kind of went through versus past downturns? Any similarities, differences? Did you feel like the industry weathered this