Texas Instruments is to sell its large-size thin-film transistor liquid crystal display driver operations to Oki Electric Industry for an undisclosed sum.
Texas Instruments is to sell its large-size thin-film transistor (TFT) liquid crystal display (LCD) driver operations to Oki Electric Industry for an undisclosed sum.
About 50 employees from TI’s operations in Japan will transfer to Oki, headquartered in Tokyo. Oki will take ownership of the business, which designs integrated circuits that drive LCD displays with a diagonal size of 5 inches or more.
Under the agreement, TI plans to complete the transfer of this Japan-based semiconductor product line to Oki by the end of March 2005.
‘We believe this transaction will enable TI to continue to sharpen our focus on proprietary analog products,’ said C.S. Lee, TI senior vice president and manager of high-volume analog and logic products.
The sale does not affect TI’s other display products such as plasma display panel drivers, colour cell phone driver/controllers and LCD panel timing controllers.
The exact timing of the transition will depend on relevant government approvals.