Japanese earthquake and macroeconomic weaknesses challenge Texas Instruments Electronics News

TEXAS Instruments’ second-quarter revenue report indicates the company has been challenged by Japan’s March earthquake.

In the second quarter of 2011, Texas Instruments had a revenue of US$3.46 billion, and net income of $672 million.

The results represent a profit fall of 13 percent, due mostly to the earthquake. However, the company is also warning of macroeconomic weaknesses ahead.

The company experienced growth in the analogue and embedded processing sectors, and resumed production ahead of schedule at the damaged Japan factories.

TI said its backlog has increased, and demand from Japanese customers is also increasing.

However, the company warned that demand for its chips from some computing and consumer electronics manufacturers is “lukewarm” despite the incoming holiday seasons. TI told shareholders that “mixed macroeconomic and market signals” means growth will only be modest.
Japanese earthquake and macroeconomic weaknesses challenge Texas Instruments Electronics News