Texas Instruments (TXN) stock dropped 12% after the company issued third-quarter guidance that fell short of Wall Street’s earnings expectations, raising concerns over the impact of ongoing tariffs and geopolitical uncertainty.

Dallas-based Texas Instruments, a key chipmaker for producers of cars and factory equipment, tumbled in early trading Wednesday after stoking fears that

Texas Instruments Inc., a key chipmaker for producers of cars and factory equipment, suffered the worst stock decline in 17 years after stoking fears that a tariff-fueled sales surge will be short-lived.