Could Personal Electronics’ Slowdown Affect Texas Instruments?
In addition to being involved in the industrial and enterprise markets, Texas Instruments (TXN) caters to companies that make consumer electronics such as PCs, handsets, TVs, and home appliances. In 2017, the company earned 25% of its revenue from the personal electronics market. In the second quarter, the company’s personal electronics revenue grew by low-single digits as strength in some sectors was offset by weakness in others.