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April 14, 2004

TI chips business surges

Texas Instruments saw semiconductor revenue leap in its first quarter, prompting the vendor yesterday to predict another strong year for its silicon business.

By CBR Staff Writer

Total revenues were $2.9bn for the first quarter, up 33.9% on the year. Operating income grew 209.8% to $474m, while net income was $367m, up 213.7%. This resulted in earnings per share of $0.21. Semiconductor revenue was $2.6bn in the first quarter, up 38% on the year.

For the second quarter, it expects revenue of $3.09bn to $3.33bn, with earnings per share of $0.23 to $0.26. Semiconductor revenue in the second quarter should be $2.65bn to $2.85bn.

TI saw growth across its businesses, said it saw strong demand across its semiconductor lines, particularly DSPs and analog for wireless, and high-performance analog.

This article is based on material originally published by ComputerWire

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