Texas Instruments (NYSE:TXN) is the world's largest producer of analog chips, and the third largest producer of embedded processing products.

The main advantage for companies that sell analog and embedded products and a key reason I like Texas Instruments as a long-term investment compared to many other companies in the tech space is that it has long product life cycles.

Digital processors generally become obsolete the year after they're produced, but analog and embedded products have life cycles that often last for many years and, in some cases, for decades. For embedded products, clients often write custom code for them and want to minimize the changes to that code even as their products go through update cycles and, therefore, tend to establish long-lasting relationships with the processors they use.

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