Dec. 15 (Bloomberg) -- Texas Instruments Inc., the second- largest U.S. chipmaker, said it will transfer its stock-exchange listing to the Nasdaq from the New York Stock Exchange to cut costs and get access to advanced-trading technologies.
The shares will start trading on the Nasdaq on Jan. 3, keeping their TXN symbol, the Dallas-based company said today in a statement.
“Nasdaq is home to many of the world’s best technology companies and is a natural fit for TI," Ron Slaymaker, vice president and head of investor relations, said in the statement.
Texas Instruments fell 1.3 percent to $28.04 yesterday, bringing the decline so far this year to 14 percent.
--Editors: Cecile Daurat, Peter Elstrom
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