For Immediate Release Chicago, IL – May 31, 2022 – Today, Zacks Equity Research discusses STMicroelectronics N.V. STM, and Texas Instruments, Inc. TXN. Texas Instruments Incorporated (TXN): Free Stock Analysis Report Demand for smartphones (a primary application of semiconductors) declined for the third straight quarter according to IDC and the outlook isn't great because of inflation and supply chain concerns.