. Texas Instruments announced recently that, even though it reported better than expected chip sales during the fourth quarter of 2011, the company will shut down its plants in Texas and in Japan. Texas Instruments has seen an increased demand for its mobile chips but will close the two factories during the next 18 months while increasing its employee numbers at different plants. The move is an effort to cut costs, Reuters said. The company reported a fourth-quarter profit of $298 million, down from $942 million during the same quarter last year. Revenue also fell from $3.53 billion last year to $3.42 billion during the fourth quarter.
Boy Genius Report, Texas Instruments to close plants in Texas and Japan
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