Texas Instruments Faces Industrial Chip Slump, Misses Q1 Revenue Estimates
Originally Published 1 year ago — by Yahoo Finance
Texas Instruments Inc. shares dropped after the chipmaker issued a disappointing quarterly forecast, reflecting a continued decline in demand for industrial and automotive electronic components. The company's first-quarter sales are projected to be lower than analyst estimates, signaling a prolonged slump in key sectors. While Texas Instruments is the largest maker of analog semiconductors, it faces challenges in profitability due to its ambitious plan to upgrade factories. Despite the downturn, the company remains committed to its long-term strategy and is confident about semiconductor content growth in auto and industrial sectors.
