Texas Instruments Results Will Be a Litmus Test for Bloodied Semis
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Investors burned by the biggest quarterly slump in chip stocks since 2011 will find out if more pain is in store when Texas Instruments Inc. releases its earnings report after the close of trading Wednesday.
Texas Instruments has one of the industry’s longest and most diverse list of customers whose products range from satellites and rockets to personal computers and home appliances. The company’s earnings report and outlook will be closely watched as waning end-market demand and the U.S.-China trade war has weighed on semiconductor shares and sparked debate about whether the downturn will be fleeting or more prolonged.