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First TI (Texas Instruments) was shifting away from consumer chip-making. Then it wasn't. Now it seems that it is again. As part of a refocusing of the company, TI is choosing to shift focus away from the consumer electronic chip business and into more enterprise and embedded systems chips. Part of restructuring usually means job cuts, and TI is going to be cutting 1,700 worldwide by the end of 2013. The projected savings for this restructuring is $450 million, which is nothing to sneeze at.

It's again unfortunate to see TI shifting its focus away from the consumer mobile chip business, as it was one of the last main competitors to the likes of Qualcomm and Samsung. TI was also often the go-to option for open source projects -- and if you're an Android nerd, you should be able to appreciate that.

Source: TI News Center; Via: Engadget