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Second quarter 2006 at Texas Instruments 25-07-06

Texas Instruments reported revenue of $3.70 billion for the second quarter of 2006. Revenue was 11 percent higher sequentially and 24 percent higher than the same quarter a year ago. As previously announced, the company received a $70 million royalty settlement in the quarter that was included in revenue. All regions of the world showed strong revenue growth from a year ago. Revenue from the wireless semiconductors grew 27 percent, including more than 70 percent growth in 3G; revenue from high-performance analog semiconductors grew 32 percent; and revenue from our DLP picture technology grew 34 percent. Net income, which includes income from continuing and discontinued operations, was $2.39 billion. This included $1.65 billion from discontinued operations, almost all of which was a gain on the sale of the company's former Sensors & Controls business.

 
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