Posted on 11/15/2012 10:10:49 AM PST by Arthurio
By Paul McDougall InformationWeek
November 15, 2012 11:37 AM
Texas Instruments said it will lay off about 1,700 workers, or about 5% of its total workforce, as part of a restructuring that will see it exit the market for mobile chips that power smartphones and tablets, including Amazon's Kindle Fire.
The company said it would instead focus its OMAP (Open Multimedia Applications Platform) business on embedded systems that power business tools and other products that don't evolve as rapidly as mobile gadgets.
(Excerpt) Read more at informationweek.com ...
TI’s mobile chip market is (was?) our biggest customer here @ work.. dammit.
Good work Obama on your yellow brick road to socialism. FUBO!!!
and God forbid if anyone of them voted bammey boy...
of course the govt workers go unscathed as usual...
This coming for a long time. I doubt it’s related to Obama’s policies, unless indirectly through allowing increased competition to undercut our margins. Not likely.
Inventors of the integrated circuit. Exiting stage LEFT...
Forward all right, into the DITCH.
What a stupid comment.
Do you know what products TI makes or do you think we just make calculators and whatever chips are mentioned in this article?
Into the Trash Bin???
Oh well, back to the atom.
I live in DALLAS dummy! Richardson and telecom corridor etc.
Forward is o’bumholes motto!
Forward into the ditch is what it should be...
I love TI.
You are very sensitive, but I understand. Texas is becoming a haven.
This is merely a reflection of the overall economy.
TI has had excess inventory and a slowdown of orders for months. A large percentage of their manufacturing capability has been mothballed, waiting it out.
Now that 0 is staying in DC, we all know nothing is getting better soon, so its no longer enough to just idle machinery. This time, it’s human capital that has to be shed. They’re hunkering down for the long haul.
That’s too bad, because TI engineers are among the best and brightest, and very few voted the wrong way Nov. 6.
In 1996, as a consultant on TI sales of notebook computers, I was given a tour, along with 20+ other people, of advanced products one was a very cool tablet for reading books. At the time the CEO wanted to build products not just chips, after all one of their first great breakthroughs was a calculator. Why not computers? Why not tablets? He died suddenly and the next CEO killed that idea. Now they make only chips. Say good bye.
How's the Pizza Oven business doing? The TI Digital watches? Mini-computers? And let's not even talk about how the credit union ended up.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.