While many see mobile phone makers bedevilled by the problems of a saturated market, Texas Instruments says that its future is looking bright.

TI makes chips used in more than half the world's cell phones, and its CEO Rich Templeton is promising increases in profits.

He said that for five years in a row now TI had outgrown the semiconductor market and it would continue to increase the number of people it had working on new, smaller and creative areas that have great potential in the long term.

More than 40 per cent of the companies business comes from analog chips which is a major source of income.

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