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Technology / AI and automation

Texas Instruments narrows Q2 revenue outlook

Texas Instruments (TI) said it expects to post revenue in the range of $2.99bn to $3.11bn for the second quarter of 2013 compared to the previous estimates.

The company also said it anticipates earnings per share (EPS) in the range of $0.39 to $0.43.

TI said in April this year that its EPS would be in the range of $0.37 to $0.45 on revenue of $2.93bn to $3.17bn.

The company cited market demand for semiconductors as one of the reasons that could cause actual results to differ materially from the expectations of TI or its management.

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Last year, TI said it would to cut about 1,700 jobs globally to reduce costs as part of its plans to shift focus from smartphones.

The company has been facing stiff competition from the US based Apple and South Korea’s Samsung Electronics who have been developing their own chips instead of buying them from a supplier like TI.

Earlier this year, TI launched the TPS65090, the single-chip, front-end power management unit (PMU) chip, which it claims can extend the battery life of tablets and other portable electronics by 20%.


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CBR Staff Writer

CBR Online legacy content.