The US chip company Texas Instruments has earned more in the past quarter, despite a decline in sales. The surplus has climbed to 1.24 billion dollars (1.09 billion euros) from 344 million dollars in the same period last year, said the Infineon rival from Dallas yesterday after market close. Reason for the increase had been significantly lower provisions for income taxes.
By contrast, sales dropped one percent to $ 3.72 billion. Texas Instruments attributed this to falling demand for memory chips in almost all markets. The trade dispute between the US and China also had a negative impact. In after-hours trading, the Texas Instruments share rose by one percent.
Texas Instruments is considered an industry barometer because the group manufactures chips for a variety of products such as home appliances, vehicle controls, consumer electronics and industrial products.
