Texas Instruments Inc forecast current-quarter revenue well below estimates on Tuesday, the latest sign that the global microchip industry is being squeezed by a downturn in demand as well as a prolonged U.S.-China trade dispute. Shares of the company, one of the first chipmakers to report earnings for the quarter, fell nearly 9% in extended trading as its third-quarter revenue also fell short of estimates. Texas, whose broad lineup of products makes it a proxy for the global chip industry, said revenue declined as most markets weakened further. …read more
Source:: Yahoo Finance
