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November 15, 2012 04:15 pm GMT

Texas Instruments Cuts 1,700 Jobs As Its Driven Away From Mobile Chip Market By The Rise Of Custom Chipmaking

Screen Shot 2012-11-15 at 11.05.14Chipmaker Texas Instruments has announced it's cutting 1,700 jobs as part of a business restructuring move. The company says it's shifting its historical focus away from mobile chips because it's become too resource and investment intensive to play in this space, blaming large customers "increasingly" developing their own custom chips.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/fBNxS47kn_0/

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