Texas Instruments Inc. said that it will cut about 500 jobs in the Dallas area by the end of 2007. Weaker demand for high-end cellphones is pinching the world's largest maker of chips for mobile phones. The cuts will mostly come from the company's research staff, and some of that research will now be done by the semiconductor foundries that build chips for TI. A TI spokesman said the Dallas-based firm currently has about 10,500 employees in the area, and will probably have about 10,000 by the end of the year. Worldwide, Texas Instruments has about 31,000 workers.
[Dallas Morning News]
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