GM....more bad news from reuters
TI <TXN.N> sees chip growth 5 pct or less
SAN FRANCISCO, April 29 (Reuters) - Texas Instruments Inc has adjusted its worldwide forecast for semiconductor industry growth to 5 percent or less this year due to near-term caution in the Americas and weakness in Japan, a top executive said on Wednesday.
"We have adjusted our worldwide forecast to 5 percent or less this year," Rich Templeton, executive vice president of Texas Instruments, told the Hambrecht & Quist technnology conference here.
He added, however, that Texas Instruments continues to see strength in the communications, wireless and networking markets, with over 30 percent growth in the so-called digital signal processor market.
Market research firm Dataquest Inc. on Tuesday said 1998 would be a mediocre year for the semiconductor industry with shipments growing at 8 percent -- less than half of what it predicted seven months ago.
Texas Instruments remained cautious about the near term in the Americas, he said. The Japanese market was weak, China and Hong Kong were reasonably strong, while Europe remained a bright spot, he said.
13:38 04-29-98 |
