Chipmaker Texas Instruments said on Tuesday a slowdown in demand for microchips ...
- Chipmaker Texas Instruments said on Tuesday a slowdown in demand for microchips that started late last year may last a few more quarters. The warning from the company, often seen as a bellwether for a semiconductor industry, dragged its shares 3 percent lower to $113.88.
Texas Instruments had signaled last quarter that the semiconductor cycle is on a downward turn after over 10 quarters of constant growth and that trade tensions could “impact the depth and duration of this cycle.” Analysts were expecting revenue of $3.67 billion and profit of $1.24 per share for the second-quarter, according to IBES data from Refinitiv.
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