Rich Templeton, CEO of TI, said the fall was due to weakness in most markets. The net income on the quarter was still $1.425 billion, compared with $1.57 billion a year before.

Templeton broke the results down further saying that analog revenue declined 8 percent while embedded processing declined 19 percent from the same quarter a year before.

The fourth quarter outlook was given as $3.07 billion to $3.33 billion. At the mid-point that would take TI’s revenue for the year to $14.23 billion, down 9.8 percent on the $15.78 billion recorded in 2018.

Related links and articles:

News articles:

Analog, MEMS, sensors aid ST’s third quarter

Infineon, ST rise in strong industrial chip market

TI tips site for next 300mm analog wafer fab

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News


Linked Articles