Texas Instruments to Decrease Smartphone Chip Biz
Texas Instruments has revealed plans to shift the focus of its mobile processor business away from devices such as smartphones and tablets. Instead, the company will look to target a wider range of industrial customers, such as carmakers, in the hopes that the move will stabilize its business. Texas Instruments has lost ground to Qualcomm, Apple, and Samsung in the smartphone processor space in recent years. Though it will continue to make and market chips for mobile devices, it will reduce the amount of capital it funnels to those businesses. "We believe that opportunity is less attractive as we go forward," said senior VP for TI's embedded processing unit, Greg Delagi, at an investor meeting. Delagi believes the embedded processor market represents a better business opportunity for TI in the long run.
Synaptics Says A 'Top Five' Phone Company to Use Its Under-the-Glass Fingerprint Reader
Synaptics today said of the five largest phone manufacturers in the world has agreed to use its Clear ID FS9500 optical, in-display fingerprint sensor. The FS9500 can scan fingerprints through the full thickness of smartphone cover glass, which means device makers can create sleek, button-free designs and still include a fingerprint reader on the front.
Target Adds Mobile Payment Feature to its App
Target today made it possible for people to make in-store payments with their smartphones through the Target mobile app. Similar to Walmart’s offering, shoppers can link their debit cart to the new Wallet function within the Target app.
Qualcomm to Hold Onto Chip Biz for the Time Being
Qualcomm does not plan to sell off its mobile chip business, according to Executive Chairman Paul Jacobs. Investors have been putting pressure on Qualcomm to spin off the unit, which one called "worthless." Some would prefer that Qualcomm operate strictly as a patent-licensing business.
Sony Looking to Raise Capital for Image Sensor Business
Sony plans to issue new shares of stock for the first time in 26 years as it hopes to raise about $4 billion in capital. The company said it will spend the money on bolstering its image sensor business, which is seeing high demand from smartphone and tablet makers.
Samsung Forges New Business Explicitly for Contract Chips
Samsung has split its processor manufacturing business into two units so the company can better handle outside clients. Samsung makes a lot of silicon and much of it, such as the Exynos processor line, ends up in Samsung smartphones, tablets, and other products.