Texas Instruments shares are trading higher after the company announced it is expanding internal manufacturing for gallium nitride semiconductors, quadrupling capacity at its factory in Aizu, Japan.
Portfolio Pulse from Benzinga Newsdesk
Texas Instruments is expanding its internal manufacturing for gallium nitride semiconductors, quadrupling capacity at its Aizu, Japan factory. This expansion has led to an increase in the company's share price.
October 24, 2024 | 4:39 pm
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Texas Instruments is expanding its manufacturing capacity for gallium nitride semiconductors in Japan, which has positively impacted its stock price.
The expansion of manufacturing capacity for gallium nitride semiconductors is a significant development for Texas Instruments, indicating potential growth in its semiconductor business. This has led to a positive market reaction, reflected in the rising stock price.
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