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Schaeffer's Street Stories: Texas Instruments Incorporated Rallies on Semiconductor Industry Association's News

^{Published on 2009-01-02 12:51:47, Last Modified on 2009-01-02 12:52:04 - Market Wire}
 

CINCINNATI--([ BUSINESS WIRE ])--Texas Instruments Incorporated (NYSE: TXN) is up nearly 4% today, after the Semiconductor Industry Association announced that while semiconductor sales dropped to $20.8 billion in November from $23.1 billion a year earlier, sales through the first 11 months of 2008 climbed 0.2% to $232.7 billion. November sales were 7.2% lower than the $22.4 billion in October.

"The worldwide economic crisis is having an impact on demand for semiconductors, but to a lesser degree than some other major industry sectors. We expect the industry will remain the second largest exporter in the U.S. for 2008," SIA President George Scalise said in a statement.

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