Oct 22 (Reuters) - Texas Instruments ( TXN ) forecast

fourth-quarter revenue and profit below analysts' estimates on

Tuesday as the analog chipmaker navigates a buildup in markets

such as automotive and industrial that has forced customers to

hold back on orders.

Orders for TI's chips from the automotive market have

faltered as customers struggle to clear existing inventory amid

a years-long slump in demand stemming from stock-piling during

the pandemic.

An ongoing weakness in the industrial market, which utilizes

chips for tasks such as automating factories, has also hurt

orders.

The company forecast revenue in the range of $3.70 billion

to $4.0 billion, compared with analysts' average estimate of

$4.07 billion, according to data compiled by LSEG.

While electrification and the rise of autonomous driving

technology have led to increased chip content, the boost has

been offset by weaker car sales as consumers battle an uncertain

economy.

The company's results are closely watched as an indicator of

demand across a slew of industries since its chips find

widespread application. It is also the first among major U.S.

chipmakers to report results for the September quarter.

TI forecast fourth-quarter earnings between $1.07 and $1.29

per share, versus analysts' estimate of $1.36.