Texas Instruments suffered its first sales decline since 2020 and gave a tepid forecast for the current quarter, hit by an industry slump.

Texas Instruments forecast first-quarter revenue and profit largely below Wall Street targets on Tuesday, as an economic downturn threatens to shackle demand from the chipmaker's so far resilient markets.

Texas Instruments tumbled in late trading Tuesday after China's ongoing Covid-19 lockdowns crimped the company's sales and profit forecasts, with the restrictions idling factories and slowing shipments.

Texas Instruments (TI) has announced its gallium nitride (GaN) technology and C2000 real-time microcontrollers (MCUs) are being combined with Delta Electronics' high-efficiency power electronics expertise in the design of an enterprise server power-supply unit (PSU) for datacenter applications.

Texas Instruments gave a revenue forecast for the current period that disappointed some investors, raising concerns that a jump in chip demand caused by the pandemic will be short-lived. The stock fell in extended trading.

Texas Instruments reported its first quarterly revenue growth in nearly two years on Tuesday, a rebound the chipmaker credited to people stuck at home splurging on electronic gadgets for remote work and entertainment during the COVID-19 pandemic.

Net income registered $1.38 billion, or $1.48 a share, in the quarter, up from $1.31 billion, or $1.36 a share, in the year-earlier period.

Texas Instruments on Tuesday reported better-than-expected results for the first quarter but forecast current-quarter revenue and profit largely below Wall Street estimates, as the chip industry braces for a big hit from the coronavirus outbreak.

Texas Instruments reported an 11.5% drop in quarterly revenue on Tuesday, hit by a global slowdown in sales of microchips that started late last year.

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% lower to US$113.88.

Texas Instruments plans to produce its more cost-effective 300 millimeter wafers at the facility.

Texas Instruments has been steadily ramping up its production of 300mm wafers for its analog processors, as it looks to cut costs and boost production efficiency. While the company's existing 300mm facilities still have room to scale up production, TI will be investing in the next phase of its 300mm analog output, likely to be available by around 2022.

Chipmaker Texas Instruments whose chief executive abruptly resigned last week delivered upbeat outlook for the current quarter amid strong demand for its products in automotive and industrial markets.

The company's shares fell as much as 2.5 percent in after-market trading even as Texas Instruments reported second-quarter earnings and sales that beat estimates.

Texas Instruments on Tuesday posted the slowest revenue growth in four quarters on softer demand for its chips used in communications equipment, disappointing investors who expected sales for automotive chips to drive strong results.

When Intel and AMD announced they'd be cooperating on a new CPU with an Intel processor paired with an AMD GPU, it was easy to see who the loser was going to be. Nvidia has a dominant overall position in the GPU market, including the types of all-in-one and small form factor systems that might opt for one of Intel's new CPUs with Radeon RX Vega graphics rather than an Intel CPU with Nvidia GPU. Now, there's hints that Nvidia is planning to respond with a new GPU iteration of its own: The GTX 1050 Ti Max-Q.

While Nvidia and Intel are busy sparring for glory as innovators of fully autonomous vehicle platforms, Texas Instruments, focused on ADAS, has kept its profile low.

Texas Instruments, which has one of the biggest customer lists in the semiconductor business, gave an outlook suggesting demand remains strong for components across industries from cars to factory equipment.

Texas Instruments Inc., the largest maker of analog semiconductors, forecast first-quarter revenue and profit that may top projections, indicating stronger demand from makers of industrial equipment.

Texas Instruments laid off a small but undisclosed number of people mainly in Silicon Valley as part of a restructuring of its Analog and Embedded Processing groups. No products will be eliminated in the reorg.

Wells Fargo chip analyst David Wong this afternoon writes that the "chip recovery has begun," in particular for analog chip names, after quarterly reports from "a representative set of analog chip companies."

Texas Instruments said profit shot up 21% in the latest quarter as continued strong demand in the automotive and industrial sectors helped the chip maker report results just above its forecast.

Buoyed by strong sales of automotive chips and improved sales of devices for communications and industrial equipment, Texas Instruments Wednesday (April 27) reported higher than expected first quarter sales and profit and delivered a forecast for the second quarter that was within range of Wall Street's estimates.

Texas Instruments and Analog Devices have decided not to pursue an acquisition of Maxim Integrated Products at this time, according to people familiar with the matter.

Texas Instruments, the biggest maker of analog chips, is in talks to acquire Maxim Integrated Products, people with knowledge of the matter said.

Texas Instruments' chief financial officer said Wednesday (Oct. 21) that the company doesn't have immediate plans to join the consolidation frenzy currently taking place in the semiconductor industry.

Texas Instruments has forecast current-quarter revenue below analysts' expectations, citing weak demand for its chips from communication equipment and consumer electronics markets and a strong dollar.

Texas Instruments (TI) has announced the new SimpleLink ultra-low power wireless microcontroller (MCU) platform that helps customers go battery-less with energy harvesting or enjoy always-on, coin cell-powered operation for multiple years.

A major gripe about smartwatches is that the battery on most devices lasts only about a day. Looking to address that problem, both Broadcom and Texas Instruments have unveiled new platforms for their chips that are designed to help smartwatches and other small devices sip power instead of chug it.

The chipmaker announced that it was cutting 1,100 jobs in the US, India and Japan as it moves to "reduce investments in markets that do not offer sustainable growth and returns."

The new 358,000 square-foot facility will become TI's seventh assembly/test (A/T) operation. Located on the same property as TI's existing wafer fab in Chengdu, the site will become the company's only end-to-end wafer fabrication and A/T facility.

While TI hit the targets, investors seemed shaken by drops in revenue and EPS from the same quarter last year.