Texas Instruments says wireless, analog helped Q1

Improved demand for chips used in advanced phones and for high-performance analog chips boosted revenue and profits at Texas Instruments Inc (TXN.N: Quote, Profile , Research) in the first quarter, Chief Financial Officer Kevin March said.

He said TI's projection for second quarter revenue and earnings growth was based on an uptick in demand across its product range.

"We saw orders begin to increase across all our products," March said in an interview with Reuters.

He said the company's semiconductor book-to-bill ratio increase to 0.99 from 0.89 in the fourth quarter, an indicator of improving orders.