Texas Instruments releases first quarter earnings report, expects second quarter revenue to be higher than expected

Texas Instruments (TI) recently announced its first quarter financial report for fiscal year 2024, with revenue of RMB 26.519 billion, a year-on-year decrease of 16%. Despite the decline in the industrial and communications markets, the company expects second-quarter revenue to be higher than expected, indicating that demand for analog chips has rebounded. TI has a broad customer base, and its optimistic forecast is good news for the overall chip industry environment.