By Akriti Shah
(Reuters) -Shares of Texas Instruments sank more than 8% on Wednesday in premarket trading, after the chipmaker’s downbeat fourth-quarter profit and revenue outlook deepened worries over a drawn-out recovery in the analog chip market as tariff uncertainty plagues the wider industry.
While TI has reduced some of its business exposure to the Trump administration’s tariffs through trade deals, uncertainty over additional levies and trade negotiations has weighed on investor sentiment and delayed the pace of recovery.
“The recovery pace is much more gradual than anticipated,” said J.P. Morgan analysts, adding the wider industry “could still be muted by tariff/trade and sluggish auto recovery”.
Trump said in August the U.S. would impose a tariff of about 100% on imports of se