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Texas Instruments to lay of 1,700

Chipmaker Texas Instruments said Wednesday that it will lay off 1,700 workers in an effort to shift focus away from its struggling mobile business. he Dallas-based company had made some headway in the smartphone market a few years ago. But recently the biggest mobile phone makers, including Samsung and Applehave opted to design their own chips for their respective Galaxy smartphones and iPhones.

TI says it’s time to reconsider its strategy, opting instead to embrace what many industry experts believe is the future of the mobile sector: embedded connectivity in everyday items, including appliances, cars and even clothing.

Texas Instruments to lay of 1,700 – Nov. 14, 2012.

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