Wednesday, November 14, 2012

Texas Instruments Cuts 1,700 Jobs and Refocuses Wireless Business

Texas Instruments (TI) is cutting 1,700 jobs worldwide and refocusing its  Wireless business on embedded markets "with greater potential for sustainable growth."

Instead of pursuing the market for mobile devices, Texas Instruments said it will focus its OMAP processors and wireless connectivity solutions on a broader set of embedded applications with long life cycles.

"We have a great opportunity to reshape our OMAP processor and wireless connectivity product lines to concentrate on embedded markets. Momentum is already building with new embedded applications and a broad set of customers, and we are accelerating our efforts in these areas," said Greg Delagi, senior vice president of Embedded Processing. "These job reductions are something we do with a heavy heart because they impact people we care deeply about. We will work closely with all employees affected by these changes to provide a range of assistance related to compensation, benefits and job search." 

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