NEW YORK (Reuters) - Texas Instruments is eliminating 1,700 jobs or almost 5 percent of its global workforce to cut costs in its wireless business as it moves away from making smartphone application chips, sending its shares up almost one percent in late trade. The Dallas, Texas based chipmaker had said in September that it would halt costly investments in its OMAP mobile application chip business, which supports features like video, for tablet computers and smartphones. ...

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