Texas Instruments Exec Says Current Market Weak With Global Chip Shipments Below 2019 Levels
Portfolio Pulse from Benzinga Newsdesk
Texas Instruments' executive highlighted a weak current market for global chip shipments, which are below 2019 levels. This indicates potential challenges for the semiconductor industry.
August 20, 2024 | 3:15 pm
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Texas Instruments' executive reported that the current market for global chip shipments is weak, with levels below those of 2019. This suggests potential revenue challenges for the company.
The statement from a Texas Instruments executive about weak market conditions and chip shipments being below 2019 levels suggests potential revenue challenges for the company. This could negatively impact TXN's stock price in the short term as investors may anticipate lower earnings.
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