Pros
There are very intelligent people at Texas Instruments. I am continually impressed by the caliber of people I work with and meet peripherally outside my particular business unit. From what I understand, the benefits are comparable for a company this size.
Cons
It is surprising that a collection of such intelligent people does not yield better results. The motto seems to be 'do more with less' taken to an extreme. Work/life balance takes a severe hit when resources are assigned on the edge of reality. You can only pad a schedule so much when the resources for a project are pulled in many directions. There is also not much feedback on performance other than yearly compensation review. This process is somewhat shrouded for an individual contributor.