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Texas Instruments Cuts 1,700 Jobs As It’s Driven Away From Mobile Chip Market

Yesterday, Texas Instruments announced that they are cutting 1,700 jobs as part of reconstructing their business. The company is shifting their focus away from the mobile chip market. This is a move the company has been forced to make because it has become too investment intensive and has decided to focus their attention elsewhere. Texas Instruments released the follow statement, “Texas Instruments (TI) (NASDAQ: TXN) announced today it will reduce costs and focus investments in its Wireless business on embedded markets with greater potential for sustainable growth. Cost reductions include the elimination of about 1,700 jobs worldwide.” This movie has not come as much of a surprise to analysts as Texas Instruments has previously said it plans to focus its OMAP processors and wireless chips on a “broader set of embedded applications with long life cycles.”

 

 

 

Texas Instruments Cuts 1,700 Jobs As It’s Driven Away From Mobile Chip Market By The Rise Of Custom Chipmaking

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