Texas Instruments slumps as tariff uncertainty weighs on demand
Texas Instruments’ quarterly profit forecast failed to impress investors as it pointed to weaker-than-expected demand for its analog chips from some customers and underscored tariff-related uncertainty.
Shares of the company slumped 11.4% in extended trading on Tuesday. They have risen more than 13% so far this year.
Chipmakers such as Texas Instruments do not directly face U.S. President Donald Trump’s elevated tariffs yet, but the cost of chip-making tools has risen, and some of their end customers have pared back spending.
