Industry
Texas Instruments shares rise as outlook boost lifts analog chip recovery hopes
Texas Instruments raised its first-quarter earnings and revenue outlook, pointing to a possible recovery in the analog chip market, SiliconANGLE reported on Tuesday. Although the chipmaker missed Wall Street expectations for fourth-quarter earnings per share and revenue, investors focused on the improving outlook and sent the stock up more than 9 percent. CEO Haviv Ilan said orders rose steadily and customers were starting to buy again after working down inventories.
