Texas Instruments' first-quarter 2024 revenue forecast falls short of expectations

The financial forecast for the first quarter of 2024 released by Texas Instruments (TI), a major global automotive chip manufacturer, is lower than market expectations, especially as signs of weakness in the automotive industry last year have exacerbated market concerns about oversupply. Data showed that the company expects revenue in the first quarter of 2024 to be between US$3.45 billion and US$3.75 billion, lower than the average analyst expectation of US$4.06 billion.