A Texas DAC8718S integrated circuit microchip (IC), manufactured by Texas Instruments Inc., on a printed circuit board (PCB) at CSI Electronic Manufacturing Services Ltd. in Witham, U.K., on Wednesday, April 28, 2021. The global chip shortage is going from bad to worse with automakers on three continents joining tech giants Apple Inc. and Samsung Electronics Co. in flagging production cuts and lost revenue from the crisis.
DALLAS: Texas Instruments Inc gave a revenue forecast for the current period that disappointed some investors, raising concerns that a jump in chip demand caused by the pandemic will be short-lived. The stock fell in extended trading.
Sales will be US$4.4bil (RM18.60bil) to US$4.76bil (RM20.13bil) in the period ending in September, Texas Instruments said in a statement.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
