Texas Instruments Inc., the largest maker of analog semiconductors, forecast lower fourth-quarter sales than some analysts had estimated, indicating that demand for electronic components remains sluggish.
Revenue will be $3.26 billion to $3.54 billion in the period, the Dallas-based company said today in a statement. Doug Freedman, an analyst at RBC Capital Markets, had estimated $3.57 billion for the period. This is the first quarter that Texas Instruments is including its National Semiconductor Corp. acquisition in the forecasts. That transaction closed Sept. 23.