The SOX gained 2.2% yesterday after TI’s optimism about Q3 gave the market reassurance. TI’s own shares went up 8%. Although TI’s Q2 revenues were down y-o-y at $3.67 billion, the company forecast Q3 revenues of $3.65 billion to $3.95 billion. Asked about China sales, CEO Rich Templeton replied there was “nothing unusual” about them. ...

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