TI chief: “We are in recovery mode”

September 17, 2003 – Texas Instruments chairman and CEO Tom Engibous says he sees a rise in demand for consumer chips, spurring industry growth that will outpace the SIA’s 10% growth forecasts, according to a Reuters report.

“We are clearly in that recovery mode,” due to companies’ shifting priorities towards revenue growth rather than cost-cutting, he said at a recent investors conference.

Earlier this month TI upped its 3Q earnings estimates to the upper range of previous projections, with improvements in its semiconductor and sensors and controls businesses.


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