Texas Instruments (TI) has confirmed that it will concentrate on digital signal processing (DSP)in the future, as revealed here earlier.
The company has set up a $100 million venture fund to speed up the development of DSP devices, which are used in digital equipment of most types, notably communications products.
The company, TI Ventures, was established with the help of Silicon Valley venture capital outfit company Hambrecht and Quist.
The worldwide market for DSP chips is set to grow to over $50 billion over the next 10 years, according to market research company Forward Concepts.
According to Will Strauss, chief analyst at Forward: ?DSP is the glue of the three converging industries - computers, consumer and communications. The wireless communications, digital motor control, automotive and even healthcare industries are all using DSP solutions. We expect the market to grow to more than $3.1 billion by the end of this year.?
Competition for the market is fierce, with Advanced Risc Machines of Cambridge making strides lately and Intel likely to boost its presence.
TI pulled out of other chip markets such as Dram earlier this year.
Geoengineering on the sea floor near glaciers would form a new ice shelf to prevent melting
Alterations in capillary blood flow can be caused by body position change
Curiosity rover is in 'normal mode' but not transmitting scientific data back to base
NatWest outage comes a day after Barclays' IT systems shut out customers and staff