Texas Instruments sees semiconductor slowdown; global shipments remain robust

China 2863 Info Tech - Tech Hardware 726 Japan 563 South Korea 541 Taiwan 184 U.S. 5137

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 ...

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