By Jaspreet Singh

(Reuters) -U.S. chipmaker Texas Instruments said on Thursday demand cooled after a spike in April as customers ordered ahead of President Donald Trump’s so-called “Liberation Day” tariffs, sending its shares down more than 4%.

Speaking at the Citi Global TMT Conference, TI finance chief Rafael Lizardi said January to April strength was partly due to tariff-induced market dynamics, with some customers ordering early to get ahead of Trump’s April 2 tariff announcement.

“But then things did slow down after April, or at least didn’t grow as they normally would have.”

Lizardi added that TI has neither been approached about nor discussed any U.S. government equity stake as a condition of CHIPS Act incentives.

Recently, the U.S. government’s move to take a 9.9% equity stake

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