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Texas Instruments Sees Strong Demand; Shares Dip on Supply

Texas Instruments Sees Strong Demand; Shares Dip on Supply Bloomberg 1/27/2021 Ian King © BLOOMBERG NEWS Randy Siems prepares a silicon wafer machine at one of the Texas Instruments semiconductor clean rooms in Dallas, TX, on Tuesday, June 16, 2009. (Bloomberg) Texas Instruments Inc. gave a bullish forecast for the current quarter, signaling that demand is rebounding for semiconductors for vehicles, personal electronics and industrial use. The stock slipped on concern customers are ordering more chips now to head off a potential supply shortage. Sales will be $3.79 billion to $4.11 billion and profit is expected to be $1.44 to $1.66 a share in the period ending in March, the company said Tuesday in a statement. On average, analysts estimated profit of $1.33 a share and sales of $3.58 billion, according to data compiled by Bloomberg.

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