Analog chipmaker Texas Instruments sees quarterly sales above estimates

Oct 21 (Reuters) Texas Instruments forecast fourth-quarter revenue above Wall Street estimates on Wednesday, a sign of recovery in ​industrial chip demand and growing momentum ‌for its AI data-center chips. • Unlike Nvidia, which makes high-performance AI processors, Dallas, Texas-based TI produces analog chips that manage power and convert real-world ‌inputs ​such as sound, light ⁠and temperature into digital ⁠signals for other semiconductors to process • The analog chipmaker expects fourth-quarter revenue between $5.80 billion and $6.30 billion, above analysts average estimate ​of $5.73 billion, according to data compiled by LSEG. • Quarterly profit is expected to ⁠be between $2.45 and $2.79 per ⁠share • Texas Instruments, one of ​the first major chipmakers to post quarterly results, ​is widely considered a bellwether for the ‌broader electronics and semiconductor industries • Its analog and embedded chips are used in smartphones, laptops, cars as well as factory ⁠equipment • TI s