Aug 20 (Reuters) - Texas Instruments ( TXN ) on Tuesday

pulled back on its annual capital expenditure plans while it

expands manufacturing capacity, as the analog chipmaker faces

pressure from activist investor Elliot Investment Management to

temper expenses.

The company now expects capital expenditure in 2026 to be

between $2 billion and $5 billion, compared with its initial

plans to spend about $5 billion per year through 2026 to build

out its manufacturing capacity.

(Reporting by Arsheeya Bajwa in Bengaluru)