Texas Instruments Revises Guidance Recently, Texas Instruments (Nasdaq: TXN ), or "TI," raised its revenue and earnings expectations to the upper end of its previously forecasted ranges for the first quarter of 2013. The chipmaker now expects sales of $2 .80–$2.91 billion versus its previous guidance of $2 .69–$2.91 billion. The lower end of the earnings outlook range has also been raised to 28–32 cents per share from the previous guidance of 24–32 cents. The earnings guidance includes acquisition and restructuring charges and tax benefit of 6 cents per share. Management stated that it is seeing improving demand for its chips from industrial customers and better-than-expected wireless chip sales. TI said that the demand for chips used in tablets and handsets was better-than-expected, but revenue from the Wireless segment would still decline in the first quarter as it is gradually defocusing the mobile business (and transferring the remaining wireless business to the Other segment).