Texas Instruments Inc. said first-quarter earnings after...
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Texas Instruments Inc. said first-quarter earnings after accounting charges more than doubled from last year, reflecting robust demand for semiconductors.
The nation’s fourth-largest semiconductor maker reported net income rose to $81 million, or 85 cents a share, after accounting charges, from $40 million, or 35 cents, a year ago.
Revenue rose 11% to $1.89 billion from $1.69 billion the previous year because of record demand for semiconductors across all segments, including the computer industry. The company’s semiconductor lines returned to profitability in last year’s third quarter for the first time since 1990.
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