DALLAS, Texas-Texas Instruments Inc. said it earned $117 million in the first quarter in contrast with a $38-million loss in the year-ago period, signaling an uptake in its semiconductor business.
The company earned seven cents a share in the quarter compared with a net loss of two cents per share.
Its revenue also rose two percent to $2.19 billion from the fourth quarter, amounting to a 20 percent rise from the year-ago period with $1.83 billion.
TI said 2.5-generation chips enjoyed a boost, accounting for 55 percent of its wireless revenue against 45 percent in the fourth quarter.
