Financial Times FT.com

Bullish TI beats profit forecasts

By Chris Nuttall

Published: July 20 2009 23:48 | Last updated: July 20 2009 23:48

Texas Instruments, the second largest US chipmaker, reported a surge in demand for its products in the second quarter as it beat revenue and profit expectations.

Following Intel’s positive outlook last week, TI gave another boost to the tech sector, forecasting solid growth in the current quarter.

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