US chipmaker Texas Instruments’ forecast signals semiconductor slump is persisting
US semiconductor giant Texas Instruments gave a disappointing earnings forecast for the current period, hurt by still-sluggish chip demand and higher manufacturing costs. Profit will be 94 cents to US$1.16 a share in the first quarter, the company said in a statement on Thursday. The midpoint of that range, US$1.05 a share, was well below … Read more
