Texas Instruments to cut 1,700 jobs in reorganization

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 ," instead of the "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 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.

Explore further: Ticketfly buying WillCall for on-premise data

add to favorites email to friend print save as pdf

Related Stories

Kodak, Texas Instruments Simplify Camera Phone Design

Jul 11, 2005

Eastman Kodak Company is making it easier for camera phone manufacturers to build next-generation devices that offer improved image quality and multimedia capabilities. New KODAK CMOS image sensors for mobile phone and consumer ...

Intel launches chip for tablet computers

Apr 11, 2011

Intel Corp. has launched a new chip for tablet computers, Atom processor Z670 based platform, as the world's most powerful semiconductor company aims to become a contender in the market for mobile chips.

Recognition Technology to Transform Mobile Devices

Mar 11, 2010

(PhysOrg.com) -- UT Dallas researchers are working with Texas Instruments Inc. and GetFugu Inc. to enable next-generation human-device interaction (HDI) technologies that merge a physical, real-world environment ...

Recommended for you

Oregon sues Oracle over failed health care website

17 minutes ago

Oregon Attorney General Ellen Rosenblum says she's filed a lawsuit against Oracle Corp. and several of its executives over the technology company's role in the state's troubled health insurance exchange.

Google buys product design firm Gecko

37 minutes ago

Google on Friday confirmed that it bought Gecko Design to bolster its lab devoted to technology-advancing projects such as self-driving cars and Internet-linked Glass eyewear.

Ticketfly buying WillCall for on-premise data

Aug 21, 2014

Ticketfly Inc., a San Francisco-based technology company among several posing a challenge to Ticketmaster, is acquiring WillCall Inc., a crosstown rival that turns your smartphone into a mobile wallet at live events.

HP revenue inches up after years of decline

Aug 20, 2014

Hewlett-Packard on Wednesday reported that its quarterly revenue rose for the first time in three years, nudged by improved computer sales everywhere except Russia and China.

Restaurants experimenting with pay-in-advance tickets

Aug 20, 2014

With restaurant patrons increasingly jumping on the Internet to make reservations, some high-end eateries here and across the country are adding a new tech wrinkle: having their clientele pay for their meal in advance using ...

User comments : 0