Texas Instruments Slides on Slump in Demand for Its Semiconductors

Key TakeawaysTexas Instruments Inc. reported lower revenue and profit for the fourth quarter, attributed to soft demand for semiconductors from its industrial and automotive customers.The company's stock dropped more than 2% Wednesday its latest quarter earnings missed analyst estimates Tuesday.The analog chipmaker's decline contrasted with competitors in the semiconductor industry that are reporting surges in business tied to artificial intelligence (AI) development.Shares of analog chipmaker Texas Instrum ...