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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Texas Instruments quarterly revenue rises 7.1 percent

Reuters
An employee enters the research building of Texas Instruments France firm in Villeneuve-Loubet near Nice December 18, 2012. REUTERS/Eric Gaillard/File Photo

(Reuters) - Chipmaker Texas Instruments Inc reported a 7.1 percent rise in quarterly revenue, helped by strong demand for its analog and embedded chip products from the automotive and industrial markets.

The company's net income rose to $1.05 billion, or $1.02 per share, in the fourth quarter ended Dec. 31, from $836 million, or 80 cents per share, a year earlier.

Revenue rose to $3.41 billion from $3.19 billion.

(Reporting by Narottam Medhora in Bengaluru; Editing by Shounak Dasgupta)