Texas Instruments Gives Strong Forecast But Urges Caution
- Company says pandemic didn’t stifle demand as much as expected
- Trade risk, automotive sector may slow return to growth
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Texas Instruments Inc. projected revenue in the current quarter that topped analysts’ estimates, saying orders haven’t fallen off as much in the coronavirus pandemic as they did in the last recession. The chipmaker’s executives, however, cautioned that the positive outlook isn’t a sign the economy is on the upswing.
“It seems clear that things are a little shaky in the world economy,” Chief Financial Officer Rafael Lizardi said Tuesday in an interview. “My job is not to figure out where the world economy is going, it’s to put TI in the best position whatever happens.”