Texas Instruments to Offer Faster Chips

Texas Instruments Inc. unveiled two new chips that will make Internet access faster and let mobile phones run for weeks without recharging. The news pushed the company’s shares up $15, or 11%, to close at $149 on the New York Stock Exchange.

One of the new digital signal processors is about 10 times faster than the company’s current DSPs. It will let Texas Instruments customers develop phones that can retrieve video from the Net. The second chip uses a sixth of the battery power of current DSPs and is designed to increase the battery life of wireless devices.

Consumers will be able to buy products that use the new chips by year-end.