Texas Instruments Inc, whose chips power half the mobile phones sold last year, said third-quarter earnings more than doubled and profit this quarter will exceed forecasts.
Net income rose to US$447 million, or US$0.25 a share, from US$188 million, or US$0.11, a year earlier. Sales rose 13 percent to US$2.53 billion from US$2.25 billion, the Dallas-based company said in a statement.
Profit this period will beat analysts' estimates, and sales will rise as much as 26 percent, the company said. Chief executive Tom Engibous has boosted sales of semiconductors that run mobile phones with cameras and MP3 audio players. Texas Instruments gets about a quarter of its annual sales from chips used in phones made by clients including Nokia Oyj.
"We were all expecting good news, but they just knocked the cover off the ball," said Greg Barlage, a chip analyst at Stein Roe Investment Counsel, which manages US$7.5 billion and owns Texas Instruments shares.
"The boost was clearly wire-less," he said.
A gain from selling shares of Micron Technology Inc boosted third-quarter earnings. Excluding the gain, profit would have been US$0.12 a share, Thomson Financial said. On that basis, analysts expected an average of US$0.9, according to Thomson.
Texas Instruments has cut costs by firing workers and hiring companies such as Taiwan Semiconductor Manufacturing Co (
Engibous has focused on sales of more-expensive chips that help cell phones and wireless devices connect to the Web. Rising consumer demand for the latest handsets helped insulate the company from some of the slumps in computer-related markets.
Sales of chips used in wireless devices grew 30 percent from the year-earlier quarter. Demand for semiconductors used in so-called smart phones and electronic organizers drove the increase, chief financial officer Kevin March said in an interview.
The Ministry of Transportation and Communications yesterday inaugurated the Danjiang Bridge across the Tamsui River in New Taipei City, saying that the structure would be an architectural icon and traffic artery for Taiwan. Feted as a major engineering achievement, the Danjiang Bridge is 920m long, 211m tall at the top of its pylon, and is the longest single-pylon asymmetric cable-stayed bridge in the world, the government’s Web site for the structure said. It was designed by late Iraqi-British architect Zaha Hadid. The structure, with a maximum deck of 70m, accommodates road and light rail traffic, and affords a 200m navigation channel for boats,
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest foundry service provider, yesterday said that global semiconductor revenue is projected to hit US$1.5 trillion in 2030, after the figure exceeds US$1 trillion this year, as artificial intelligence (AI) demand boosts consumption of token and compute power. “We are still at the beginning of the AI revolution, but we already see a significant impact across the whole semiconductor ecosystem,” TSMC deputy cochief operating officer Kevin Zhang (張曉強) said at the company’s annual technology symposium in Hsinchu City. “It is fair to say that in the past decade, smartphones and other mobile devices were
US-CHINA SUMMIT: MOFA welcomed US reassurance of no change in its Taiwan policy; Trump said he did not comment when Xi talked of opposing independence US President Donald Trump yesterday said he has not made a decision on whether to move forward with a major arms package for Taiwan after hearing concerns about it from Chinese President Xi Jinping (習近平). Trump’s comments on Taiwan came as he flew back to Washington after wrapping up critical talks in which both leaders said important progress was made in stabilizing US-China relations even as deep differences persist between the world’s two biggest powers on Iran and Taiwan. “I will make a determination,” Trump said, adding: “I’ll be making decisions. But, you know, I think the last thing we need right
TAIWAN ISSUE: US treasury secretary Scott Bessent said on the first day of meetings that ‘it wouldn’t be a US-China summit without the Taiwan issue coming up’ There were no surprises on the first day of the summit between US President Donald Trump and Chinese President Xi Jinping (習近平), the Mainland Affairs Council (MAC) said yesterday, as the government reiterated that cross-strait stability is crucial to the Asia-Pacific region, as well as the world. As the two presidents met for a highly anticipated summit yesterday, Chinese state media reported that Xi warned Trump that missteps regarding Taiwan could push their two countries into “conflict.” Trump arrived in China with accolades for his host, calling Xi a “great leader” and “friend,” and extending an invitation to visit the White House
RSS