US STOCKS-Wall St higher as Texas Instruments lifts tech

* Texas Instruments view lifts tech stocks

* 10 banks to repay TARP

* Nasdaq up 1.1 pct, S&P 500 up 0.5 pct; Dow up 0.2 pct

* For up-to-the-minute market news click [STXNEWS/US] (Updates to afternoon, changes byline)

By Chuck Mikolajczak

NEW YORK, June 9 (Reuters) - The Nasdaq rose on Tuesday after an improved outlook from Texas Instruments lifted technology stocks, but gains on other indexes were limited as plans by big banks to repay government bailout funds raised concerns whether the move would help the economy recover.

Shares of Texas Instruments Inc (TXN.N: Quote, Profile, Research) jumped 6.4 percent to $21.03 after it raised its quarterly earnings and revenue targets, signaling improving demand in the chip market. For details, see[ID:nN08327409]

The PHLX semiconductor index climbed 4.5 percent.

"With Texas Instruments being the largest analog player, it is a confirmation that we have started to see some inventories worked down and the channel to distributors beginning to get flushed as well," said Bennett Gaeger, managing director at Stifel Nicolaus in Baltimore.