Texas Instruments (TXN) is lowering its investments in its OMAP mobile app processor line, and...

|About: Texas Instruments Inc. (TXN)|By:, SA News Editor

Texas Instruments (TXN) is lowering its investments in its OMAP mobile app processor line, and will instead focus on growing OMAP sales for embedded applications such as cars and industrial gear. Though OMAP chips power Amazon and Barnes & Noble's tablets, smartphone competition from Qualcomm (QCOM) and Nvidia (NVDA) has been fierce, and TI recently claimed Apple and Samsung's heavy reliance on their own app processors made the market "less attractive."