Why Texas Instruments Stock Jumped 17% the First Half of 2021
Though it's already one of the largest players in the global semiconductor industry, shares of Texas Instruments (NASDAQ: TXN) notched a more than respectable gain of 17% through the first half of 2021, according to data from S&P Global Market Intelligence. After a couple of difficult years because of the U.S.-China trade war followed by the start of the pandemic, global chip sales are on the rise this year -- and filling Texas Instruments' sails along the way.
As for financial news, the company reported a 29% surge in revenue during the first quarter of 2021. Earnings per share were up 51% as the chip manufacturer got more efficient with higher utilization of its fab facilities.
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Source Fool.com
