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Texas Instruments: The car core is the highlight, and customers in other industries continue to cut orders

2023-07-27 70
According to the Science and Technology Innovation Board Daily on the 26th, Haviv Ilan, CEO of Texas Instruments (TI), chips in the automotive industry became a bright spot in the second quarter. As in the previous quarter, except for the automotive industry, all terminal markets experienced sluggish demand. Customers in other industries continue to cut chip orders, and they want to consume existing inventory first.


TI's Chief Financial Officer, Rafael Lizard, stated that customer reduction in orders has led to an increase in TI's own chip inventory. Currently, inventory has climbed to a level of 207 days, and the value of inventory goods in the third quarter will continue to rise. However, unlike other chip manufacturers, Texas Instruments's analog chips have a very long shelf life (even up to 10 years), so the current high inventory can solve the sudden increase in market demand in the future.
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