Thursday, April 17, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon Announces Kindle Service For Samsung Devices
Nokia Halts Sales Of Lumia 2520 Tablet
TSMC Reports Quarterly Profit
Toshiba Debuts World's Fastest microSD Memory Cards
PlayStation 4 Sales Surpass 7.0 Million Units
Google Reports Lower Than Expected First Quarter revenue
AMD Demonstrates Next-Gen x86 APU Running Fedora Linux
Lenovo Introduces A to Z and FLEX 2 series Of Laptops and Desktops
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > TI Sell...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, January 24, 2012
TI Sells More Chips, Closes 2 Factories


Although Texas Instruments reported better-than-expected fourth-quarter chip sales, the company will close older factories to cut costs.

Texas Instruments announced fourth-quarter revenue of $3.42 billion, net income of $298 million and earnings per share of 25 cents.

"Revenue in the fourth quarter was higher than expected across all our major product lines, reinforcing our belief that we're at the bottom of this downturn. I'm pleased to say that despite the downturn and the lower factory utilization that came with it, cash flow from operations was strong and well above levels as compared with similar points in prior downturns. Our strategic focus on our core businesses and efficient investment in capacity are key to our strong generation of cash," said Rich Templeton, chairman, president and chief executive officer. "As we move into 2012, we enter the final phase of our planned exit from the baseband market, and thus further tighten our focus on Analog, Embedded Processing and Wireless."

TI also announced plans to close two older semiconductor manufacturing facilities in Hiji, Japan, and Houston, Texas, over the course of the next 18 months. Production from these sites will be moved to other more advanced TI facilities. Combined, these factories supported about 4 percent of TI's revenue in 2011, and each employs about 500 people. "These sites have made strong, high-quality contributions over the 30-plus years each has operated," said Templeton. "They demonstrate the tremendous cash flow potential associated with analog products, where factory lives are literally measured in decades. However, we're now at the point where each of these sites requires significant upgrades, and it makes financial sense to shift production to larger, more advanced facilities."

TI's revenue fell to $3.42 billion from $3.53 billion. TI had warned December 8 that chip demand was weak, forecasting quarterly earnings per share in a range of 21 to 25 cents on revenue of $3.19 billion to $3.33 billion. But March said that orders started to improve right away after the December warning.

Revenue from the baseband business, whose main customer is Nokia, will fall to about $75 million this quarter from $279 million in the fourth quarter, said Chief Financial Officer Kevin March.

Excluding the decline in baseband revenue, he said TI's first-quarter revenue would have fallen 2 percent from the fourth quarter, compared with the more typical sequential decline of 4 percent.


Previous
Next
HP To Pay $425,000 Penalty for Failure to Immediately Report Laptop Batteries        All News        WD Reports Q2 Results, Progress In Thai Flood Recovery
The Pirate Bay Introduces "Physibles"     General Computing News      Google+ To Allow Users To Use Pseudonyms

Get RSS feed Easy Print E-Mail this Message

Related News
Micron, MediaTek Consider Investments In Kingston Solutions
Virtium Starts Offering DDR4 VLP RDIMM Samples
Sony To Preview PlayStation Mobile Content Development Environment
NTI MiST Adds Business Package
Imagination Debuts New MIPS-based Platform For Wearables
AT&T, Cisco, GE, IBM, and Intel Form The Industrial Internet Consortium
Google Cuts Cloud Computing Prices
Cisco To Spend $1 billion On Cloud Computing Service
Android KitKat Update Coming On Sony Xperia Z Ultra, Xperia Z1 and Xperia Z1 Compact Smartphones
ARCTIC Releases New VGA Cooler Series
New PowerVR Wizard GPU Family Supports Ray Tracing
Samsung Releases Tizen SDK for Samsung Gear 2 and Gear 2 Neo

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .