Texas Instruments confirms it is moving away from phones, will slash 1,700 jobs

Texas Instruments confirms it is moving away from phones, will slash 1,700 jobs
Texas Instruments, or TI, has finally officially confirmed that it is moving focus away from its OMAP mobile chips business and will instead focus on “embedded markets.” We have seen the first hints a couple of months ago, but this time TI is taking some definitive measures cutting some 1,700 jobs, all related to OMAP.

While TI OMAP chips are still found in some of the most popular on the market like the Amazon Kindle Fire, the Motorola Droid and last year's Samsung Galaxy Nexus, most recently competition has gotten really aggressive with Qualcomm and Samsung now powering most modern devices. Nvidia is also expected to catch up next year. All of that forced TI out of the business.

Slashing 1,700 jobs means a 5% reduction in workforce, but also savings of $450 million per year. The change will initially be tough and TI will immediately take a $325 writedown this quarter.

source: Texas Instruments via AllThingsD

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12 Comments

1. blackspot

Posts: 102; Member since: Nov 14, 2012

Ouch!

4. PhenomFaz

Posts: 1236; Member since: Sep 26, 2012

no more TI OMAP5 :(

5. Captain_Doug

Posts: 1037; Member since: Feb 10, 2012

They announced all this awhile back and said they would still make the omap 5 line.

2. cepcamba

Posts: 717; Member since: Feb 27, 2012

Sad sad sad. I was hoping to see an A15 OMAP chip.

6. Captain_Doug

Posts: 1037; Member since: Feb 10, 2012

8. TylerGrunter

Posts: 1544; Member since: Feb 16, 2012

You'll see them, it's just that they will be their last mobile SoCs. Saddly enough.

3. jove39

Posts: 2146; Member since: Oct 18, 2011

Sad...they were only one (that I know of) who use ImageTec's gpu on soc outside apple as of now...sammy moves to Mali and qualcomm has adreno...I liked demo of their Omap5 running 545MP2!!!

7. Lawliet

Posts: 160; Member since: Jul 02, 2012

The next NovaThors will use PowerVRSGX ass well, IIRC

9. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

Oh....Sammy this is great news, more for you to built. Now lets get Intel and Apple out of the picture forever, and then the Universe, cry of Korean lovers (Samsung); frankly, we hate Apple, and you Sammy dear, are creating some many jobs in the US. I rather be unemployed, as long as I have your quad core next to me keeping me warm.

11. MC1123

Posts: 1256; Member since: Nov 12, 2012

lol... no! not every one love samsung!!! i like kpop but dont like samsung or lg!

10. oldmandaddy

Posts: 64; Member since: May 01, 2010

In 90s, there were king and queen, Nokia and TI. Now sad sad, to see them go.

12. MC1123

Posts: 1256; Member since: Nov 12, 2012

im wishing someone will get TI engineers! and the OMAP line too!! either amazon or apple! atleast they save the OMAP brains!

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