Texas Instruments Suffers Worst Rout Since ’08 on Tepid Forecast

Texas Instruments, a major semiconductor manufacturer, experienced its steepest stock decline since 2008 due to a tepid forecast. The company, which supplies chips for car manufacturers and industrial equipment producers, saw its shares plummet after it suggested that the recent sales surge driven by tariffs may be temporary. The stock fell as much as 10% in extended trading, marking the largest single-day drop since the 2008 financial crisis. Investors were concerned by the company's cautious outlook, which indicated that the recent boost in demand due to tariffs may not be sustained. The news highlights the potential impact of trade tensions and tariffs on the semiconductor industry, which has been facing headwinds from the ongoing US-China trade dispute. Texas Instruments' performance is seen as a barometer for the broader tech sector, and the company's forecast has raised concerns about the industry's near-term prospects.