Texas Instruments has projected a revenue decline of as much as 13.6% year over year in Q3 and remains “cautious on how the economy may behave over the next few years” after the COVID-19 pandemic cut demand for its semiconductors. Globally, demand for semiconductors has been robust with combined exports from four Asian countries tracked by Panjiva having increased by 17.0% year over year in June after a 10.1% rise in May. Yet, U.S. exports have been less robust due to the reliance on autos and manufacturers in Mexico. Total U.S. exports of semiconductors fell by 4.3% in May including an ...