Analog helps TI weather weak Q3
TI is still at the tail-end of a transformation from a digital semiconductor company into one based on analog and embedded ICs and so the 2 percent revenue decline partly reflected this and partly weaker demand in the general market.
The company made a net profit of $798 million on revenues of $3.429 billion in 3Q15. This compares with a net profit of $826 million on revenues of $3.501 billion in 3Q14.
"Our core businesses of analog and embedded processing each grew year over year. Together, they comprised 85 percent of third-quarter revenue and have delivered nine consecutive quarters of year-over-year growth," said Rich Templeton, TI’s chairman, president and CEO, in a statement.
Analog and embedded product sales were each up by 2 percent year-on-year while TI’s other business was down 19 percent. The "other" category includes micromirrors, custom ASICs, calculators and intellectual property royalties.
The company had $2.7 billion of cash and short-term investments at the end of the quarter and the fourth quarter outlook was given as revenue of between $3.07 billion and $3.33 billion.
Related links and articles:
News articles:
Sony acquires SoftKinetic for ranging technology
Unboxing TI’s DLP LightCrafter
Ti offers two delta-sigma ADCs
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
