Texas Instruments announced today that it is selling its large-size thin-film transistor LCD driver operations to Oki Electric Industry.
Under the terms of the agreement, TI will complete the transfer of the 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's Tokyo headquarters.
After the transfer Oki will take ownership of the business, which designs integrated circuits that drive LCD displays with a diagonal size of 5in 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 its focus on proprietary analog products," said C S Lee, senior vice president and manager of high-volume analog and logic products at TI.
The sale does not affect TI's other display products such as plasma display panel drivers, colour mobile phone driver/controllers and LCD panel timing controllers.
Financial terms of the transaction have not been disclosed.
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