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Amazon may buy Texas Instruments' mobile chip business to keep up with Apple

Updated Dec 19th, 2018 8:39PM EST

Texas Instruments (TXN) announced last month plans to shrink its mobile processor business and instead focus on broader markets. According to a report from Israeli newspaper Calcalist, however, the company may be looking to sell its chip business entirely. Amazon (AMZN) is said to be in “advanced negotiations” to acquire Texas Instruments’ mobile business, a move that will increase the retail giant’s competition with Samsung (005930) and Apple (AAPL). Gartner analyst Carolina Milanesi doubted the reported, though, telling Reuters that Amazon may not want to “become that intimately involved with hardware.”

Read [Calcalist] Read [Reuters]