Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
New Installations of Solar Power Plunge as Subsidies Fade
Nio’s Growth Stagnates as Foreign Adversaries Expand in China
SAIC Taps India Electric Car Market With MG Model
LATEST
Air Taxi Maker EHang Slashes U.S Listing Target to $46 Million
Sweetome Acquires 2 Units as Homestay Sector Defies Sharing-Economy Gloom
Tencent-Backed iDreamSky in Talks to Buy Rival Gaming Firm Leyou
China’s AutoX Applies for License to Test Fully Self-Driving Cars in California
Beijing City Moots Limiting Gym Memberships to Three Months in Prepaid Services Crackdown
Kuaishou Reports Strong Esports User Data Thanks to League of Legends
China’s Top Global Education Ranking Sparks Pride and Controversy
China’s Software Sector Profits Up Nearly 12% in First 10 Months
Chinese-Backed DNA Testing Company Suspends U.S. Business, Lays Off Staff
New Installations of Solar Power Plunge as Subsidies Fade
Nio’s Growth Stagnates as Foreign Adversaries Expand in China
SAIC Taps India Electric Car Market With MG Model
Xiaomi Targets Indian Borrowers with New Online Lending Service
ZTE Partners With Chinese Plane-Maker for In-Flight 5G Internet Project
Chinese Chip Design Firm Goodix Given Nod to Acquire NXP’s Voice and Audio Solutions Business
Former Graft Buster Falls Under Graft Probe
Huawei Sues U.S. Telecoms Regulator Over Sales Ban
Chinese Video Streaming Service iQiyi Eyes Subscribers Abroad and Mulls Price Hikes at Home
ByteDance-Backed App TikTok is Creating Stars and Destroying Lives in India
Nintendo Partners With Tencent to Launch Switch in China
Texas Instruments Sales Outlook Defies US-China Trade Fears

By Bloomberg / Jul 24, 2019 10:15 AM / Business & Tech

Scientific calculators are seen at the Cal-Comp Technology (Philippines) plant in Lipa City

Scientific calculators are seen at the Cal-Comp Technology (Philippines) plant in Lipa City

Texas Instruments gave stronger-than-predicted sales and profit forecasts for the current quarter, indicating demand for chips may be starting to improve.

Third-quarter earnings will be $1.31 a share to $1.53 a share on revenue of $3.65 billion to $3.95 billion, the Dallas-based company said Tuesday in a statement. On average, analysts predicted profit of $1.37 a share and sales of $3.84 billion, according to data compiled by Bloomberg. At the high end, that represents a revenue decline of 7.3% from a year earlier.

A better-than-feared outlook from Texas Instruments signals that a slump in orders for electronic components may end soon and helps counter concern that the China-U.S. trade dispute will hurt the overall economy. The company hasn’t experienced any sales hit related to trade or regional differences in orders, executives said on a conference call, repeating their stance that the industry is in a typical cycle of weaker demand that usually lasts about five quarters. Texas Instruments has now reported declining revenue for three consecutive quarters.

Related: Semiconductor Shares Dip on New Board After Explosive First Trading Day

Share this article
Open WeChat and scan the QR code