Texas Instruments stock bucks chip selloff as new U.S. tariffs shake Wall Street

Texas Instruments slipped 1.13% on Friday, ending the day at $221.44. That performance lagged behind the S&P 500’s 1.97% jump and the Dow’s 2.47% gain. Shares wrapped up the session 3.23% off this week’s 52-week high, trading roughly 9.4 million shares—more than the 50-day average.

Texas Instruments Incorporated closed at $221.44 on Friday, slipping roughly 1.2%. The stock will resume trading Monday as investors continue to weigh the company’s largest transaction in over ten years.

Shares of Silicon Laboratories Inc surged roughly 48% to $202.46 in Wednesday afternoon trading, following news that Texas Instruments will acquire the wireless chip maker for $7.5 billion.

Texas Instruments hovered around $225 in after-hours trading Tuesday, following a Financial Times report that it’s close to a $7 billion deal to acquire Silicon Laboratories. Shares of Silicon Labs jumped 28%, while Texas Instruments slipped about 1% in extended hours. Reuters has yet to verify the report. The stock finished the regular session up slightly, gaining 0.13% to close at $225.21.