Texas Instruments' quarterly revenue dips 1 pct

Jan 23 () - Texas Instruments' quarterly revenue fell 1 percent, hurt by falling demand for its microchips across most markets.

The U.S. chipmaker said on Wednesday its net income surged to $1.24 billion or $1.27 per share in the fourth quarter ended Dec. 31, from $344 million or 34 cents a share a year earlier, thanks to a significantly lower provision for income taxes.

Revenue fell to $3.72 billion from $3.75 billion.

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