TI repeats Q2 guidance, confident gaining ground
Monday April 29, 8:56 pm Eastern Time
Reuters Business
TI repeats Q2 guidance, confident gaining ground
SAN FRANCISCO, April 29 (Reuters) - Texas Instruments Inc (NYSE:TXN - news), the
world's largest supplier of semiconductors for mobile phones, on Monday reaffirmed its
guidance for sales in the current quarter, saying it believes it has turned the corner toward growth as the global chip industry
begins to emerge from its worst ever-slump.
"We think our semiconductor revenues will increase about 8 percent in
the current quarter," Bill Aylesworth, chief financial officer for the
Dallas-based company told a technology conference sponsored by
Merrill Lynch here.
Aylesworth also affirmed that the company sees overall revenue
increasing 10 percent in the current quarter from the just-reported first
quarter.
"We believe that the future of wireless is bright," he said.
Despite modest projections for overall semiconductor sales growth this
year, Aylesworth said he was confident that Texas Instruments had gained
ground on competitors during the downturn.
"I think we've never felt better about our position in silicon technology," he said. "We think we really widened our lead in
technology and products last year by maintaining our R&D investments."
Aylesworth said Texas Instruments sees good potential in the market for broadband Internet communications, saying that only
15 percent of U.S. homes have high-speed access now.
The company's sales of broadband-related chips for the consumer market currently only account for about 5 percent of its
overall chip sales, indicating room for growth, he said.
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