Chip stocks gain after Texas Instruments' strong forecast

Microchip Technology

23/04/2026 15:24

Updates

** Some U.S. chip stocks gain after chipmaker Texas Instrument TXN.O forecasts second-quarter results above estimates on strong data center chip demand

** TXN soars 16.4% to a record high

** Microchip Technology MCHP.O rises 7.2%, Analog Devices ADI.O gains 6%

** ON Semiconductor ON.O jumps 8.6%, NXP Semiconductor NXPI.O climbs 5.9%

** Intel INTC.O adds 2.2%, Marvell Technology MRVL.O advances 2.9%, Monolithic Power Systems MPWR.O up 3.2%

** Philadelphia SE semiconductor index .SOX climbs 1.9%

to a new all-time high, gaining for the 17th straight session

 (Reporting by Ragini Mathur in Bengaluru)

 ((Ragini.Mathur@thomsonreuters.com;))