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Glonghui, April 23｜After the US stock market closed on Wednesday, US chip manufacturer Texas Instruments saw its stock price surge by over 11%. News reports indicate that the company’s Q1 revenue exceeded expectations, and thanks to a surge in data center and industrial equipment spending, its performance guidance also delivered a surprise. The latest financial report shows that Texas Instruments’ Q1 revenue increased by 19% year-on-year to $4.83 billion, surpassing analysts’ average estimate of $4.52 billion. Operating profit was $1.808 billion, up 37% year-on-year; net profit was $1.545 billion, a 31% year-on-year increase; earnings per share grew by 31% year-on-year to $1.68, beating analysts’ average forecast of $1.38.Texas Instruments CEO Haviv Ilan said on an analyst call that revenue increased 9% quarter-on-quarter and 19% year-on-year, with growth mainly driven by the industrial and data center markets. He pointed out that the recovery in demand for industrial components is spread across all regions and industries. While the company’s revenue is still below previous peaks, this has boosted optimism about the sustainability of growth momentum. Meanwhile, Texas Instruments’ Q2 guidance also significantly beat market expectations. The company expects second-quarter revenue to be between $5 billion and $5.4 billion, while analysts’ average estimate was $4.85 billion; second-quarter earnings per share are forecast to be $1.77 to $2.05, with analysts’ average estimate at $1.57.

```htmlGolden Ten Data reported on April 23 that, due to concerns over the impact of the Middle East conflict, Japanese manufacturers have raised production to the highest level in 12 years, indicating that companies are releasing capacity ahead of time. Data shows that Japan’s April PMI industrial output index rose to 55.4, marking the highest level since February 2014. The manufacturing composite PMI increased to 54.9, while the services PMI dropped from 53.4 to 51.2. Annabel Fiddes, Economic Assistant Director at S&P Global Market Intelligence, stated in a report: "There are reports that some manufacturing companies increased output because they are worried and uncertain about the war situation in the Middle East and the possibility of further supply chain disruptions." She said: "The conflict in the Middle East is a significant factor restraining optimism. For the current strong performance in manufacturing to continue, uncertainty must be reduced and supply chains need to return to normal."```

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