Dallas, Texas-based TI said it expects demand for its semiconductors to continue. In particular, chief executive Rich Templeton pointed to a 32% revenue growth for digital signal processors and a 24% growth in analog semiconductors during the recent quarter.
Total revenue for its quarter ending March 31 grew 23% to $3.33bn from a year ago.
The company earned $585m, or 36 cents a share, compared to $411m, or 24 cents, a year ago.
The news sent TI shares up more than 3% to $35.15 in after-hours trading on the Nasdaq.
