. Texas Instruments (TXN) on Tuesday revealed plans to shift its focus away from its mobile processor business and target broader markets such as industrial clients in the car industry, Reuters reported. The company sees its processor growth slowing, although it is still profitable, and is looking to expand in order to maintain growth. In recent years, Texas Instruments has lost ground in the wireless industry to rivals Qualcomm (QCOM) and NVIDIA (NVDA), both of which also produce mobile processors.
Boy Genius Report , Texas Instruments to shrink smartphone business, Texas Instruments to shrink smartphone business
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