Texas Instruments Eases Chip Industry Fears with Positive Sales utlook as Inventory Issues Subside
Texas Instruments provided an outlook for its sales that eased fears of a downturn in the chip industry, signaling that an inventory glut may be ending.
Category
🗞
NewsTranscript
00:00It's Benzinga, and here's what's on the block.
00:02Texas Instruments provided an outlook for its sales that eased fears of a downturn in
00:07the chip industry, signaling that an inventory glut may be ending.
00:10The company said China's electronics makers have worked through excess inventory and demand
00:15has returned to growth.
00:17Europe and Japan are still in earlier phases of inventory reduction.
00:20Within TI's industrial segment, about half of the markets are still reducing inventory,
00:25while others have seen demand increase.
00:27The company's projected sales and profit for the period ending in September are expected
00:31to be within a range that aligns with average analyst estimates.
00:34For all things money, visit Benzinga.com.