Texas Instruments posts rare revenue rise as consumers splurge on electronics

TI, which supplies chips for everything from smartphones to automobiles, often reports quarterly results before its peers."While visibility for the near-term demand has improved, we remain cautious as the broader economic impact of the global pandemic could continue for several years," Dave Pahl, head of the company's investor relations, told analysts.Under rules issued in 2019, American chipmakers such as TI were allowed to keep shipping some chips to Huawei from their factories outside the Uni