Texas Instruments sees chip sales growth on firm demand

San Francisco

TEXAS Instruments Inc, which has one of the biggest customer lists in the semiconductor business, gave an outlook suggesting that demand remains strong for components across industries from cars to factory equipment.

The company "saw strength across the board", chief financial officer Rafael Lizardi said. It posted its first quarter of revenue growth above 10 per cent since 2010, and Mr Lizardi forecast that sales and profit in the current quarter that may be better than analysts' projections.