Texas Instruments gives sales outlook easing downturn fears, signals inventory glut ending

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The Straits Times 4h ago

Texas Instruments gives sales outlook easing downturn fears, signals inventory glut ending - The Straits Times

Quick Summary:

Its forecast helped counter fresh concern caused by NXP Semiconductors NV’s projections.

The company’s shares have lagged behind a rally in the Philadelphia Stock Exchange Semiconductor Index this year as investors have poured money into Nvidia and other companies that make parts for artificial intelligence computing.

Texas Instruments has the widest customer base and biggest product range among chipmakers, so the company’s results and forecasts act as an indicator of demand across a variety of industries.