Texas Instruments Eliminates 1,700 Jobs
November 15, 2012 1:09 PM
comment(s) - last by
The company expects to save about $450 million by the end of 2013 with the 1,700 eliminated jobs
Texas Instruments is in the midst of some restructuring, as it cuts over 1,000 jobs and switches its focus from tablet/smartphone chips to those for cars and appliances.
Texas Instruments cut 1,700 jobs, which is equal to 5 percent of its global workforce. The company currently has 35,000 employees around the world, and expects to save about $450 million by the end of 2013 with the 1,700 eliminated jobs.
In addition to the job cuts, Texas Instruments is shifting its chip-making efforts from tablets and smartphones to cars and home appliances due to the competitive mobile device market.
Large device makers like Apple and Samsung have been making their own chips, and currently only
Amazon's Kindle Fire tablets
use Texas Instruments' processor unit called OMAP.
While Texas Instruments said it will continue selling OMAP processors to Amazon for its Kindle Fire tablets, the company wants to focus more on cars and appliances.
However, there's been talk that
Amazon is looking to purchase Texas Instruments' mobile chip division
for itself. This could allow Amazon to take control over the design and performance of the chips that run its products.
This article is over a month old, voting and posting comments is disabled
RE: Average employee worth
11/16/2012 3:43:27 PM
Eh, even with all benefits factored in and all of that, I make much much less than that per year, though I make my company quite a bit more than that.
“We do believe we have a moral responsibility to keep porn off the iPhone.” -- Steve Jobs
Report: Amazon in Negotiations to Purchase Texas Instrument Mobile Chip Division
October 15, 2012, 9:13 AM
Kindle Fire HD, Kindle Paperwhite Hardware Generate No Profit for Amazon
October 12, 2012, 9:01 AM
4/16/2014 Hardware Reviews
April 16, 2014, 9:01 AM
Quick Note: Kingston's 1 TB USB Stick Hits $899 on Lightning Deal
April 15, 2014, 3:35 PM
4/15/2014 Hardware Reviews
April 15, 2014, 11:30 AM
4/11/2014 Hardware Reviews
April 11, 2014, 11:03 AM
Global PC Shipments Declined 1.7 Percent in Q1 2014
April 10, 2014, 9:58 AM
Intel Previews Devil's Canyon Chip, "Black Book", and Broadwell
March 21, 2014, 8:15 AM
Most Popular Articles
Cities to Carpoolers: Sharing Your Car is Illegal, We Will Seize Your Cars
April 4, 2014, 9:17 PM
Taiwan's AOU Claims to Have World's Highest-Res. OLED Smartphone Display
April 11, 2014, 1:44 PM
iPad Exploiter is Freed by Federal Appeals Court
April 11, 2014, 7:40 PM
It's Very Likely Neanderthals and Humans Had Sex, Produced Offspring
April 10, 2014, 8:40 PM
Cops at Historically Troubled LAPD are Sabotaging Digital Recording Devices
April 9, 2014, 11:10 PM
Latest Blog Posts
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information