TI sales rise with mobile phone demand

Listen to this article


Texas Instruments, the US chip maker, reported a 23 per cent increase in revenues for the first quarter, driven by growth in 3G mobile phone handsets and demand for lower-end handsets in emerging countries.

The gross margin increased to 50.1 per cent compared with 46 per cent a year earlier, and was slightly higher than the previous quarter.

Income before tax was $767m compared with $482m for the first quarter in 2005.

TI said its expenditure for the second quarter was expected to be between $3.46bn and $3.75bn, and earnings per share of $0.38 to $0.43.

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.