Texas Instruments 3Q Profit Up 60%; Sees Weaker 4Q |
| Wall Street Journal - Oct 25, 2010 |
Texas Instruments Inc.'s (TXN) third-quarter profit jumped 60% as strong demand in industrial markets helped sales of its analog chips, though the chip maker cautioned it's seeing some signs of weakening demand.
TI, which makes chips used in everything from cellphones to industrial equipment, has seen a sharp rebound in demand after the recession caused customers to virtually stop buying chips. But TI and other semiconductor companies recently have warned of weakening consumer demand in developed markets.
Rich Templeton--TI's chairman, president and chief executive--said Monday that while demand from industrial markets was "especially strong" in the quarter, consumer demand for computers and televisions "cooled."
And industrial demand is slowing to more normal growth levels, Chief Financial Officer Kevin March told Dow Jones. As a result, the company projected fourth-quarter revenue down from the third quarter.
Read Full Article from Wall Street Journal
- Posted: 2010-10-25 23:10:04
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