Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
by Staff Writers
New York (AFP) Nov 14, 2012
US tech firm Texas Instruments said Wednesday it was cutting 1,700 jobs worldwide as it cuts back on chips for mobile phones.
The Dallas-based firm said it would focus on processors for devices and applications "with long life cycles," instead of the mobile market "where large customers are increasingly developing their own custom chips."
The company has shifting its focus away from mobile phones and tablets to chips for industrial equipment and the automotive sector.
"We have a great opportunity to reshape our OMAP (Open Multimedia Applications Platform) processor and wireless connectivity product lines to concentrate on embedded markets," said TI vice president Greg Delagi.
The company expects annualized savings of about $450 million by the end of 2013.
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|