Increasing orders: People taking photos at a Geely electric vehicle launch in Hong Kong. Texas Instruments says it was a good quarter for its China business and there are distinct signals that customers have worked down their inventory. — Bloomberg
DALLAS: Texas Instruments Inc has provided a sales outlook that signals an inventory glut is coming to an end, reassuring investors that a revival is underway in key markets for the company’s chips.
Suppliers of electronic parts used in the industrial and automotive markets have seen their growth wiped out by slowing orders from customers who have found themselves stuck with too much inventory.
