Semiconductor giants are sounding the alarm on soft China demand. Here's what they're saying

Ticker: TXN

Performance in the past 12 months: -8%

"On a regional basis, demand in China was weaker than the other regions. End markets within China, though, behaved directionally consistent with the rest of the world," said David Pahl, head of Texas Instrument's investor relations.

"We are seeing signs from our customers and the channel that this weakness is primarily from increased caution due to trade tensions."

Source: Bloomberg

Ticket: TEL

Performance in the past 12 months: -24%

"During the first quarter, our order trends were below our expectations due to weaker global auto production and lower order levels in China in our Transportation and Communications segments," said CEO Terrence R. Curtin.

"Our overall orders in the first quarter were down 4% sequentially and on a year-over-year basis, total orders were down 6% with China orders declining over 20%."

Source: Bloomberg

Ticker: LRCX

Performance in the past 12 months: -16%

"The foundry segment declined quarter-over-quarter accounting for 13% of system revenue, mainly due to reduced China foundry investments," CFO Douglas R. Bettinger said.

"You may recall on the September call, I spoke about how strong that was and it declined somewhat in December."

Source: Bloomberg

Ticker: NVDA

Performance in the past 12 months: -44%

"Q4 was an extraordinary, unusually turbulent, and disappointing quarter," CEO Jensen Huang said in a filing.

"As we worked through Q4, the global economy decelerated sharply, particularly in China, affecting consumer demand for NVIDIA gaming GPUs. Also, with initial shipments of new high-end RTX GPUs selling above MSRP, some customers may have delayed their purchase while waiting for lower price points and further demonstrations of RTX technology in actual game."