And it won’t get any better this quarter.
In certain lines of business, Texas Instruments, according to Bloomberg, experienced a decrease in revenue by 10 or 20% last quarter, but the automotive segment has shown resilience in this regard. In general, the company’s revenue for the last quarter decreased by 3% to $4.67 billion, and in the current quarter it expects to earn $4.53 billion on the strength.
Image Source: Bloomberg
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When the demand for semiconductor components as a whole returns to growth, the company does not undertake to predict, but third-party analysts expect that the bottom will not be reached before the middle of this year. But Texas Instruments will not have to cut staff or seriously reduce capital expenditures – according to these indicators, the company has adhered to a conservative policy throughout the pandemic, and therefore now it does not need to drastically revise investment budgets or the payroll.