April 25, 2024 /SemiMedia/ -- Texas Instruments recently said that the company's second-quarter sales are expected to be as high as $3.95 billion, exceeding analysts' expectations of $3.78 billion.
Texas Instruments optimistically predicts that improving demand for consumer electronics products indicates that analog chip inventory adjustments may be easing, and that the decline in demand for industrial and auto parts is easing.
After eight consecutive quarters of downturn, global PC shipments grew by about 3% in the first three months of 2024, according to research firm Counterpoint.
Summit Insights analyst Kinngai Chan said the analog device industry will see more typical seasonal demand in the coming quarters.
TI said most customers of industrial equipment makers, the company's largest segment, have completed inventory reductions, even if some are still completing the process.
TI said it would continue its policy of not making broad forecasts of future demand.
