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Stock impact report

Tower Semiconductor forecasts upbeat Q4 revenue; unveils $350 million investment plan [Yahoo! Finance]

Texas Instruments Incorporated (TXN) 
Last texas instruments incorporated earnings: 4/21 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
in demand for its chips, and said it plans to invest $350 million to expand capacities. The U.S.-listed shares of the company were up 7.5% in premarket trading. The company said the investment will expand capacities for its silicon photonics, used in autonomous vehicles, and silicon germanium, used in wireless communication and high-performance computing systems. However, the company did not disclose the time frame for this investment. The plan also includes the qualification and ramp-up of 200mm capacity, both in San Antonio and Migdal Haemek, Israel, and in its 300mm facility in Uozu, Japan. The company makes analog and mixed-signal semiconductors used mainly in automobiles for "fabless" firms, which outsource chip manufacturing. Slowing growth in demand for electric vehicles has kept inventory levels for chips used in the automotive industry at elevated levels. However, Texas Instruments - a bellwether for analog chip demand - indicated last month that improving deman Show less Read more
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