FILE PHOTO; A Texas Instruments Office is shown in San Diego, California, U.S., April 24, 2018. REUTERS/Mike Blake
(Reuters) -Texas Instruments Inc forecast tepid quarterly revenue and missed market expectations for the third quarter on Tuesday, as the chipmaker struggles with supply chain constraints in the semiconductor industry, sending its shares down 3.8%.
The company, which makes analog and embedded processing chips used in everything from smart phones to cars, is facing a shortage of parts used in making chips, hampering its ability to cash in on growing demand.
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