Texas Instruments forecasts sales above estimates as chip demand grows

First reported by Bloomberg at · Updated · 2 sources

Automotive and industrial customers supported the stronger outlook, according to Bloomberg. DigiTimes reports that third-quarter revenue reached $6.06 billion, up 28% from a year earlier and 11% from the previous quarter, while the company's investment in 12-inch wafer capacity began improving margins as the analog chip recovery broadened beyond restocking.

Covered by 2 publishers within 5 hours of the first report.

Reporting2

Bloomberg Texas Instruments Gives Sales Forecast That Tops Estimates · Ian King
DigiTimes Texas Instruments' analog recovery broadens as 12-inch investment turns into margin · DIGITIMES