Experimental feature

Listen to this article

00:00
00:00
Experimental feature

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.

Get alerts on Front page when a new story is published

Copyright The Financial Times Limited 2018. All rights reserved.

Comments have not been enabled for this article.