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00:02Texas Instruments shares surged 19% Thursday to a record after the company reported first
00:08quarter earnings and revenue above estimates and issued upbeat guidance, according to CNBC.
00:13The company reported earnings of $1.68 per share on $4.83 billion in revenue,
00:20topping estimates of $1.27 per share and $4.53 billion.
00:25Texas Instruments expects second quarter revenue of $5 billion to $5.4 billion and earnings of
00:321.77 to 2.05 per share.
00:35CEO Haviv Ilan said data center revenue rose about 90% year over year and industrial revenue
00:41increased 30%.
00:43The company said demand for analog chips tied to AI data center growth is driving results.
00:49Texas Instruments is investing $60 billion in new U.S. plants and agreed to acquire silicon
00:54laboratories for $7.5 billion.
00:56For all things money, visit Benzinga.com.
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