Texas Instruments to cut 1,700 jobs in reorganization

Texas Instruments to cut 1,700 jobs in reorganization
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.

Related Links
The Economy

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks

del.icio.us

Digg

Google

Lagarde wants 'real fix, not quick fix' on Greek debt
Kuala Lumpur (AFP) Nov 14, 2012
The International Monetary Fund wants a "real fix, not a quick fix" on Greek debt, its managing director said Wednesday, days after publicly clashing with European officials on the issue. Christine Lagarde also urged US legislators "at all costs" to avoid the "fiscal cliff" of spending cuts and tax rises that will come into effect January 1 unless the two parties can agree a deficit and debt ... read more

Life's no beach for seaside victims of Sandy

Statement on the handling of risk situations by scientists

Under-fire utility boss resigns after storm Sandy

New York governor seeks $30 bn in aid after Sandy

Raytheon submits Space Fence proposal to the USAF

Larger version of Kindle Fire tablet unleashed

Lockheed Martin Submits Space Fence Radar Proposal to USAF to Detect and Track Orbital Objects

Chinese LED firm plans record investment in Taiwan

Super storm tracked by ESA water mission

Greenpeace catches 'black market' fish

Navy Oceanographers Delve Deeper in Wave Data to Improve Forecasts

EU gives 'yellow card' to eight nations for illegal fishing

Why Antarctic sea ice cover has increased under the effects of climate change

Summer has arrived at frozen Antarctic runway

Clouds Could Explain How Snowball Earth Thawed Out

U.S., New Zealand in Antarctic proposal

In Mexico City, a green revolution, one lettuce at a time

Climate-related emissions from feedyards monitored in AgriLife Research study

CSHL-led team discovers new way in which plants control flower production

Gene find turns soldier beetle defence into biotech opportunity

Strong Mexico quake causes panic but no damage reported

2011 Virginia quake triggered landslides at extraordinary distances

Tabletop fault model reveals why some quakes result in faster shaking

New York art market flooded -- literally

Nigerian military offensive kills 'murderer of ex-general'

Dialogue 'preferred option' for Mali crisis: UN envoy

Kenya to deploy army after massacre of police

Algeria urges talks on Mali after military accord

Virtual Reality Could Help People Lose Weight and Fight Prejudice

Research suggests that humans are slowly but surely losing intellectual and emotional abilities

A better brain implant: Slim electrode cozies up to single neurons

Significant relationship between mortality and telomere length discovered

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