Texas Instruments (TI) said total revenue rose to $4.29 billion in the first quarter of 2021 from $3.33 billion, thanks to strong demand for its chips used in personal electronic gadgets such as televisions and PCs.
Net income rose to $1.75 billion, or $1.87 per share, in the first quarter ended March 31, from $1.17 billion, or $1.24 per share, a year earlier.
TI’s analog and embedded chips are used for everything from factory automation to personal computers and car infotainment systems, lowering the company’s risk of heavy dependence on a few markets.
TI said it expected second-quarter revenue in a range of $4.13 billion to $4.47 billion.
