Texas Instruments turns in healthy profit

Giant Texas Instruments showed the semi industry is rallying again as it reported its fourth quarter earnings.

The company made profit of $655 million on revenues of $3.01 billion for the quarter and said sales grew in every segment.

Analogue chips did particularly well, with demand increasing from both the Western European and American markets.

TI expects its next quarter’s results also to be buoyant, bucking the seasonal trend. Its gross margin for the fourth quarter was 52.9 percent, up 44 percent from the same period last year.