Texas Instruments will sell part of the wireless business

October 21, 2008, 11:00 pm

   The company Texas Instruments announced that it is negotiating with the anonymous potential buyer of its units for producing chips, realizing the function of frequency blocks in the wireless interface. At the same time, the company does not intend to soon sever relations with its traditional big customers in this segment. According to the forecasts of TI, this course will allow about a third to reduce the costs associated with the wireless business, while savings should make more than 200 million dollars annually.
After the restructuring, which will last until June 2009 and will cost approximately U. S. $ 110 million, the company intends to focus on the family of applications processors OMAP, based on the use of smartphones. Experts believe that the reason - thus the company rasstanetsya products targeted at the less profitable segment of 2G/2. 5G and focus on profitable and promising 3G. As a possible buyer considered the company, targeting the markets of India and China, for example, the Taiwan Mediatek. It is also assumed that the same company may become a buyer`s wireless chip unit Freescale Semiconductor.
In the third quarter of TI announced a net profit of 563 million U. S. in the amount of gross income, 3 to $ 39 billion from the first performance by 4% lower than last quarter and 26% inferior to last year`s result. Second 1% higher than last quarter, but 8% lower than in the same quarter last year. Demonstrated by figures almost identical with the preliminary forecasts of analysts. In the fourth quarter, the company expects to receive revenue of $ 2, 83-3, 07 billion dollars, third-party experts estimate the figure at 3. 34 billion U. S.


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