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Provider: Thomson Reuters Stock Report
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Provider: New Constructs, LLC
Provider: Jefferson Research

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Texas Instruments Inc Cuts 1,700 Jobs; Winds Down Tablet Chips-Reuters

Wednesday, 14 Nov 2012 07:39pm EST 

Reuters reported that Texas Instruments Inc is eliminating 1,700 jobs, as it winds down its mobile processor business to focus on chips for more profitable markets like cars and home appliances. Texas Instruments said in September it would halt costly investments in the increasingly competitive smartphone and tablet chip business. The layoffs are equivalent to nearly 5% of the company's global workforce. 

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-0.23 -0.47%
19 Sep 2014