FILE PHOTO: A Texas Instruments Office is shown in San Diego, California, U.S., April 24, 2018. REUTERS/Mike Blake/File photo
(Reuters) -Texas Instruments shares sank 11% on Wednesday after executives adopted a markedly cautious tone and issued a weak quarterly profit forecast, intensifying investor concerns over the impact of tariffs.
After optimistic projections in April had boosted confidence in a demand rebound, TI said on Tuesday’s earnings call that a recovery in the auto industry was lagging and would likely be less robust as tariffs disrupt global supply chains
