TI forms power business unit
Texas Instruments has formed a business unit for its power-management product line, appointing Steve Anderson as its chief. The power-management operation forms part of TI’s a three-pronged analogue division having been broken out of the high-performance analogue business unit.
Anderson arrived at TI in 1999 as part of the company’s acquisition of Power Trends, a Chicago-based power module provider, which Anderson joined in 1989.
“By establishing three dedicated analogue businesses, we further strengthen our ability to provide solutions for our customers and become an even more valued analogue supplier to them,” claimed Gregg Lowe, senior vice president for TI’s analogue business unit. “In his new role, Steve will provide strategic leadership to take advantage of our technical expertise and customer relationships to meet the demanding power management challenges facing system manufacturers worldwide.”
Analysts iSuppli and Databeans rank TI as the top worldwide supplier of power management integrated circuits in the industry with approximately 15 per cent market share. Databeans forecasts that the power management industry will continue to increase in importance, with a compound annual growth rate of approximately 15 per cent over the next five years.