The American chip company Texas Instruments has forecast higher revenue and profit for the current quarter compared to the corresponding period of the previous year. The company expects revenue between $3.94 billion and $4.26 billion for the three months ending in September. In the second quarter, revenue fell 16 percent year-over-year to $3.82 billion but increased about four percent compared to the previous quarter.

Similarly, it looks like the earnings per share. This fell by 35 percent in the second quarter compared to the same period last year to $1.22. However, Texas Instruments is aiming for a rise to $1.24 to $1.48 in the third quarter. The quarterly targets are in line with analyst forecasts, which initially reassured investors. The stock, which had been under some pressure following its record high of nearly $211 in mid-July, was able to gain significantly in after-hours trading, approaching the record high again.

Here is the translation of the heading to English:

"With a market value of just over $180 billion, Texas Instruments is a smaller player in the financial market compared to industry giants like NVIDIA ($3 trillion), Broadcom ($762 billion), or TSMC (Taiwan Semiconductor Manufacturing) (around $760 billion). The company is a significant supplier of specialty chips, which are used in machines, among other applications. However, a recent downturn in the automotive sector has slowed the business.

The stock of Texas Instruments, which was under some pressure after reaching a record high in mid-July, temporarily lost 0.42 percent on the NASDAQ and was quoted at 197.46 US dollars.

This development shows that Texas Instruments is still able to achieve solid financial results and provide optimistic forecasts for the coming quarters despite market challenges and a decline in the automotive sector.