Now it says it will cut a further 1,100 jobs in Japan, India and the United States. The chipmaker hopes to save $130 through job cuts and restructuring by the end of the year. The company also wants to reduce expenses in its embedded chip division in Japan.
Texas Instruments was one of the leading names in the ARM space for years, but two years ago it decided to pull out of the consumer market, ceding it to Qualcomm and a number of smaller players. TI still churns out a lot of chips, but they don’t end up in consumer devices.
In fact, demand for TI products seems to be increasing, but it is clearly not enough.
However, TI is not the only chipmaker that's cutting jobs. Earlier this week Intel said it would reduce its workforce by about 5,000, citing weak demand in the PC market.