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Texas Instruments Discards Acer


In Business This Week

TEXAS INSTRUMENTS DISCARDS ACER

TEXAS INSTRUMENTS IS TAKING another big step away from the DRAM business with an agreement to sell its one-third share of Taiwanese memory-chip venture, TI-Acer. Acer, TI's partner, which is buying TI's share, already owned 49% of the operation, which reported pretax losses last year of $143 million. Losing TI is no loss for Acer, though. Under the decade-long venture, TI was the chip fab's sole customer, forcing TI-Acer to sell all its chips to the U.S. company at a discount. Acer is renaming the company Acer Semiconductor Manufacturing and will diversify into other products, such as logic chips.EDITED BY PAT WECHSLER


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