DALLAS-Thanks to sales of analog chips and digital signal processors, Texas Instruments reported a second-quarter net income of $95 million, or five cents a share.
This contrasts with a net loss of $197 million, or 11 cents a share, during the same quarter last year. The company had predicted it would be profitable this quarter.
“TI delivered good revenue and earnings growth in the second quarter. Our development of advanced technologies and systems have helped TI grow semiconductor revenue faster than the market,” said Tom Engibous, the company’s chairman, president and chief executive.
