Texas Instruments Sinks as Customers Cut Orders on Trade Woe
- CFO says chip buyers got ‘far more cautious’ in recent months
- Automotive, communications equipment among worse areas
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Texas Instruments Inc. shares plunged the most in almost 11 years after the chipmaker gave a weaker-than-expected forecast and warned that trade tension is making customers far more cautious. The report spurred a sell off in semiconductor stocks.