TI $3 billion in cash to sell its non main business

January 10th news TI said Monday that its sensor and control departments will be sold for $3 billion in cash for the price of privately operated Bain Investment Limited (Bain Capital LLC), then the company will focus on the production of mobile phone chips and other consumer electronics chip, to meet the market demand increasing.

The transaction will enable TI to peel off a and its current main business relationship with little department, the company said. In addition, the transaction also highlights the growing trend of private entities involved in the field of business technology.

TI said in a statement, President of Thomas Wroe sensor and controller Jr will continue to lead the team with 5400 employees, the management team will remain unchanged.