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      "text": "Accordingly, we believe TI should adopt a dynamic capacity-management approach and flex its capacity buildout in a manner consistent with its historical practices. By executing on this approach, we believe TI can generate $9.00+ per share in free cash flow in 2026",
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      "text": "In the chart below, we outline two illustrative scenarios for TI's capacity buildout over the next three years – (1) Consensus Revenue Scenario and (2) Share Gain Scenario",
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      "text": "We believe the Company should pursue an alternative path... TI has significant flexibility regarding when to outfit its facility shells with operational equipment and can 'modulate' capacity based on customer demand.",
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      "text": "I’d rather be 2 years early and not 2 months late — Rich Templeton",
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