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June 2 (Reuters) - Texas Instruments on Tuesday named insider Julie Knecht as its finance ‌chief, succeeding Rafael Lizardi, who will retire ‌after 25 years with the analog chipmaker.

Knecht, currently chief ​accounting officer and vice president of accounting and tax, will assume the role on August 1, while Lizardi will take an advisory role through ‌Aug. 31 to ⁠support the transition.

CEO Haviv Ilan said Lizardi helped steer the company's capital ⁠allocation strategy, including investments in 300-millimeter manufacturing capacity and a focus on returning free cash flow ​to shareholders.

Knecht ​joined Texas Instruments ​in 1999 and has ‌held several finance and accounting positions, including as vice president of accounting for more than a decade before becoming chief accounting officer in 2021.

"Having been part of this company for more ‌than 25 years, I appreciate ​TI's high-performance culture and ​long-standing commitment to ​technology leadership," Knecht said.

Texas Instruments has ‌benefited from growing demand for ​analog chips ​used in power regulation and data conversion systems inside AI data centers.

The company will ​report its ‌second-quarter results on July 22.

(Reporting by Harshita ​Mary Varghese in Bengaluru; Editing by Shilpi ​Majumdar and Arun Koyyur)