Texas Instruments Inc.: The Dallas-based semiconductor and...
- Share via
Texas Instruments Inc.: The Dallas-based semiconductor and defense electronics firm said first-quarter net income plunged 84.7% to $13 million, while revenue dipped 4% to $1.54 billion. The firm said it would have posted a loss without a $15-million gain from the sale of its interest in another company. TI said profit from operations was about break-even in the quarter. Semiconductors operated at a loss, as the result of lower revenue combined with the effect of major investments for new products and capacity.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.