Texas Instruments (TI), known for its calculators and OMAP processors, will cease the production of the latter chips. The OMAP ARM-processors were a popular choice for use in both cellphones and tablets. As an increasing amount of manufacturers are now developing their own ARM-processors, TI does not consider the market feasible anymore.
Instead of focusing on mobile devices, the manufacturer will now look at 'embedded applications' and products with a long life cycle. To us, it seems that the development of these products is pretty much on hold. Accompanying the decision, Texas Instruments has cut 1700 jobs.