Texas Instruments Warns of Slump in Chip Demand, Shares Slide
Key Takeaways: Texas Instruments’ Q3 profit and sales guidance disappoints analysts. Weak chip demand expected to impact current quarter results. Second-quarter earnings and revenue exceeded estimates. Texas Instruments (TXN), a prominent semiconductor maker, witnessed a 5.4% decline in shares on Wednesday, following a warning about the impact of sluggish demand on its current quarter results. … Read more