Friday, January 19, 2007

Texas Instruments predicts sales at its cell phone chip unit will grow, mostly of cheap phones.

TAIPEI (Reuters) – Global sales of mobile phones are expected to grow to between 1.1 billion and 1.2 billion units in 2007, up as much as 20 percent from about 1 billion units sold last year, a Texas Instruments official said on Friday.

?We are optimistic on the growth momentum of low-price mobile phones,? Terry Cheng, the president of Texas Instruments Inc. (TI) Asia, told Reuters on the sidelines of a seminar in Taipei. TI is the world?s biggest cell phone chip maker.?The company has shipped large amounts of chips for low-price mobile phones since November and December last year, which will help boost our business significantly this year,? he said.

TI established its Asia headquarters in Taiwan in 1994.

Continue reading “TI: Phone Sales Will Grow 20%

Source: Reuters (link opens in a new window)