- Associated Press - Tuesday, December 18, 2012

PARIS (AP) - Chipmaker Texas Instruments says will lay off more than 500 people at a research and development plant near Nice, France, in the coming months.

The Dallas-based company announced last month that it is eliminating 1,700 jobs worldwide as it cuts spending in its wireless business. As the company’s biggest smartphone and tablet customers have begun developing their own chips, Texas Instruments is shifting the focus to industrial and automotive customers.

Its factory at Villeneuve-Loubet was primarily dedicated to developing OPAM microprocessors used in smartphones and tablets. Nearly all of the employees at the factory, mostly engineers, will lose their jobs. The company is working with the government to find a new owner for the site.

In all, 517 jobs will be cut. Texas Instruments employs 609 people in France.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide