Texas Instruments sees Immense Potential in the Indian
Market
Communication and Entertainment will be key focus segments
Bangalore, March 28, 2006 – Mr. Richard (Rich) K. Templeton,
President and CEO, Texas Instruments (TI) Inc, (NYSE:TXN),
today announced TI’s continued commitment to technology innovation
in India and helping customers here take advantage of the growing
opportunities in communications and entertainment, both in
India and around the world.
“The enormous consumer population here combined with the intellectual
capacity available in this country will impact markets all
over the globe for years to come. All of us at TI recognize
India not only as a strong and growing market for semiconductors,”
said Mr. Templeton, “but also as a place where new ideas are
helping shape the direction of technology.
Mr. Templeton reiterated, “With its wealth of development
expertise and a huge, growing market, India is well positioned
to be a leading player in this new era of communications and
entertainment. It’s an exciting time to be working in India,
and TI is committed to building strong relationships with our
customers here and helping them to be successful.”
“Our India focus is clear. Continued innovation in the development
of complex semiconductor solutions, coupled with addressing
the India market for semiconductor products . With increased
electronic product design and manufacturing activities in India,
we see significant market opportunities for Texas Instruments
to add value to our customers,” said Dr. Biswadip Mitra, Managing
Director, Texas Instruments, India.
Electronic product companies are setting up manufacturing
bases in India and expanding their capacity to meet the burgeoning
domestic demand. This has brought a renewed vigor to the semiconductor
industry in India.
The Indian market holds high promise in the communication
segment for Texas Instruments, given that there will be around
250 million telephone subscribers by the year 2007. The entertainment
industry is expected to be in the $10 billion segment. Both
are potential market opportunities for Texas Instruments in
India.
A growing network of vendors, academia, customers and a well
established Third Party Program [of more than 50 partners]
highlights TI’s strength in the region. This is Mr. Templeton’s
third visit to India, second as the President and CEO of Texas
Instruments, Inc.
About Texas Instruments
Texas Instruments Incorporated provides innovative DSP and
analog technologies to meet our customers' real world signal
processing requirements. In addition to Semiconductor, the
company includes the Educational & Productivity Solutions business.
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. |