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TOKYO, JAPAN (February 17, 2005) -- Texas Instruments Incorporated (TI)
(NYSE: TXN) announced today that the company and Oki Electric Industry
(Oki) had reached agreement on a contract for the sale of TI’s large-size
thin-film transistor (TFT) liquid crystal display (LCD) driver operations.
Under the agreement, TI plans to complete the transfer of this Japan-based
semiconductor product line to Oki by the end of March 2005. About 50 employees
from TI's operations in Japan will transfer to Oki, headquartered in Tokyo.
Oki will take ownership of the business, which designs integrated circuits
that drive LCD displays with a diagonal size of 5 inches or more. The
exact timing of the transition will depend on relevant government approvals.
“We believe this transaction will enable TI to continue to sharpen
our focus on proprietary analog products. TI will work with Oki to help
customers receive seamless support throughout the transition,” said
C.S. Lee, TI senior vice president and manager of high-volume analog and
logic products.
Financial terms of the transaction are not being made public at this time.
The sale does not affect TI’s other display products such as plasma
display panel drivers, color cell phone driver/controllers and LCD panel
timing controllers.
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About
Texas Instruments
Texas Instruments Incorporated provides innovative DSP and analog technologies
to meet our customers' real-world signal processing requirements. In addition
to Semiconductors, the company's businesses include Sensors & Controls,
and Education Technology. TI is headquartered in Dallas,
Texas, and has manufacturing, design or sales operations in more than
25 countries.
Texas Instruments is traded on the New York Stock Exchange under the symbol
TXN. More information is located on the World Wide Web at www.ti.com.
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