Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (3826)	6/22/1998 1:24:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 6180

Texas Instruments Closes Singapore Plant, Fires 600 Workers Singapore, June 20 (Bloomberg) -- Texas Instrument Inc., the world's biggest maker of memory chips for mobile phones, said it will close its a Singapore plant and fire 600 workers. The U.S.-based company said operations of the plant, which makes integrated circuits for disk drives, will be absorbed by an existing factory in Taipei, the capital of Taiwan. This comes as Texas Instruments sold its money-losing memory chip business to Micron Technology Inc. two days ago to restructure its business. ''The decision . . . recognizes the need for improved operational efficiencies and cost competitiveness,'' said Dennis Robbins, Texas Instruments' manufacturing operations manager.