✉news TechnologySemiconductors first seen 2 d ago, last 2 d ago, peak #24
Texas Instruments quarterly sales top analyst estimates
Original: Analog chipmaker Texas Instruments sees quarterly sales above estimates
Texas Instruments reported quarterly revenue that came in above analyst estimates, according to Reuters. The Dallas-based analog chipmaker, whose components are used across automotive and industrial products, has been watched closely as a bellwether for the broader semiconductor cycle. Investors are weighing whether the beat signals a recovery in demand for analog chips after a prolonged downturn.
Why now: The results are being read as a signal of recovery in the analog chip market after a slump.
Evidence
- Analog chipmaker Texas Instruments sees quarterly sales above estimates · Charlotte Observer
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