Texas Instruments Gives Strong Forecast on Automotive Demand
- Revenue from auto chips rebounded to levels of a year ago
- Chipmaker stopped shipping to China’s Huawei in mid-September
Photographer: Daniel Acker/Bloomberg
This article is for subscribers only.
Texas Instruments Inc. projected revenue for the fourth quarter that will top analysts’ estimates, indicating demand for chips used in cars and personal electronics is rebounding.
Sales will be $3.41 billion to $3.69 billion and profit is expected to be $1.20 to $1.40 a share, the company said Tuesday in a statement. On average, analysts predicted profit of $1.20 a share and sales of $3.35 billion, according to data compiled by Bloomberg.