Texas Instruments’ net jumped to $62 million...

Texas Instruments’ net jumped to $62 million in the second quarter compared to $12 million for the year-ago period. The world semiconductor market has continued its recovery, the Dallas company said, and Texas Instruments’ financial performance reflects these improved market conditions, plus the effect of continuing cost reductions. The Japanese government’s “Buy American” initiative, resulting from the Semiconductor Trade Agreement, has brought a sharp increase in orders from Japan, the company said. The company had a 3-for-1 stock split during the quarter.