Texas Instruments: High demand for car chips maintained

Texas Instruments: High demand for car chips maintained

The United States company Texas Instruments supplies semiconductor components for a wide range of electronics and household appliances, so its quarterly report could serve as a further illustration of developments in the industry; in the consumer sector, demand has indeed declined, but the automobile industry continues to rejoice at this chip supplier.

First of all, the second quarter of the company ended with $5.21 billion against the expected market of $4,65 billion, an increase of 14%. In the current quarter of Texas Instruments, it is expected to generate $4.9 billion to $5.3 billion, which is higher than the market's expectations in the middle of the range.

As in the last quarter, according to Texas Instruments, the current demand for components for automobiles and industrial equipment will remain high, while the consumer electronics segment will show weakness. The company's car loan increased by more than 20% in the second quarter. The manufacturer still cannot fully meet the demand for certain semiconductor products.

The company produces about 80% of the semiconductor products on its own, and in the future is only going to expand its production base. The share of its own production will only grow in the future, as the competition's experience convinced Texas Instruments that high reliance on contractors has resulted in serious problems for chip suppliers during the pandemic.

In the near future, the company will continue to invest in expanding the production of industrial and car chips, regardless of the current macroeconomic conditions. The Texas Instruments manual does not rule out that the company will face a recession in the future, but does not predict the exact timing.