TI trims employee-size to align its biz more on non-mobile tech
Leading semiconductor chip maker Texas Instruments (TI) has announced change in business focus and is cutting 1700 jobs worldwide.
TI plans to apply its resources both the digital OMAP and mixed signal semiconductor technology in the non-mobile embedded market space. TI to stay away from mobile market where large customers are increasingly developing their own custom chips.
"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."