Business & Tech

Amid Downsizing, Texas Instruments Reportedly Expands Silicon Valley Presence

"A big giant company like Texas Instruments, that will give us good lunch traffic," said Agnel, whose establishment serves Indian cuisine.

(CBS)

SANTA CLARA – Amid waves of layoffs and downsizing in the tech industry, one firm said it plans to expand its presence in Silicon Valley.

Michael Agnel, owner of Jaks in Santa Clara, welcomed the news that his restaurant about to get some new neighbors: potentially 700 to 1,000 Texas Instruments workers who would be moving into buildings nearby.

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"A big giant company like Texas Instruments, if they occupy it, that will give us good lunch traffic," said Agnel, whose establishment serves Indian cuisine.

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