Texas Instruments to shut its OMAP processor factory in Villeneuve-Loubet, France

December 19, 2012 // By Julien Happich
Chipmaker Texas Instruments has announced it will shut its OMAP processor factory in Villeneuve-Loubet, France, cutting 517 jobs out of the 609 people the company employs in France.

The Dallas-based company announced last month that it is eliminating 1,700 jobs worldwide as it cuts spending in its wireless business.As the company's biggest smartphone and tablet customers have begun developing their own chips, Texas Instruments is shifting the focus to industrial and automotive customers.

Its factory at Villeneuve-Loubet was primarily dedicated to developing OMAP microprocessors used in smartphones and tablets. Nearly all of the employees at the factory, mostly engineers, will lose their jobs. The company is working with the government to find a new owner for the site.