Every time I read Texas Instruments Inc (TXN) I am given flashbacks of high school math. I hated math. But I guess I can be happy for the company as the semiconductor manufacturing company surpassed Wall Street’s expectations, kicking off this year’s earnings season with a bang. The chip manufacturer's 2022 Q1 saw its shares rise by 4%. Forecasted 2022 Q1 revenue is now estimated anywhere between $4.5-$4.9b, compared to original expectations of $4.3b. The company switched to focusing on chips for the automotive and industrial sectors and bridging the gap in supply and demand… a “screw you” to the pandemic-led supply shortage if you will.

Texas Instruments isn’t the only semiconductor company that experienced better-than-expected results. California-based Intel’s (INTC) 2021 Q4 report card came out and the company might be doing a little happy dance. Earnings per share came to be $1.09 compare to the expected $0.91, while revenue came to a whopping $19.5b compared to the expected $18.3b.