Texas Instruments cuts 3,400 jobs

US chip manufacturer Texas Instruments has announced 3,400 job cuts, as fourth quarter profits dropped 86 per cent. During 2008, mobile handset shipments decreased worldwide, resulting in shrinking wireless chipset revenues for the likes of TI. The firm recorded fourth quarter income of $107m, while revenues dropped 30 per cent year on year to $2.5bn. […]


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