February 29, 2024 /SemiMedia/ -- According to supply chain insiders, Texas Instruments recently laid off one of its chip design teams in Beijing, which was mainly responsible for the research and development of low-end power chips.
The insider said that TI's layoffs were affected by the sluggish demand in the entire consumer market. On the other hand, competition from Chinese power chip manufacturers also forced TI to make this decision.
The insider also said that the current tense relations between China and the United States may also be one of the reasons driving TI's layoffs.
TI stated in its financial report last month that the company's industrial sector is increasingly weak, and the automotive industry has continued to decline. Various industries have experienced declines at different times.
