Just yesterday we talked about Texas Instruments company's plans to expand range of proposals on ARM architecture , today became known the two most popular activities of the company - creating solutions for OMAP line of smartphones and tablets. Texas Instruments dismissed 1700 employees, redirecting efforts to the market of wireless devices embedded with a long life cycle.
Texas Instruments company in September started to talk about excessive competition in the niche solutions for the mobile market, although TI has successfully served smartphones and tablets, like Motorola, Samsung, Sony Ericsson, Huawei, Amazon and Barnes & Noble.
In the process of restructuring Texas Instruments company will release about $ 450 million a year from the end of 2013. Mainly it will be provided by savings on salaries of employees laid off. But for a one-time payment of compensation to dismissed in the fourth quarter of this year, TI unplanned forced to spend $ 325 million, which would affect the financial outlook for the fourth quarter.