TI updates fourth-quarter 2012 business outlook

               TI updates fourth-quarter 2012 business outlook

Conference call on TI website at 4 p.m. Central time today

www.ti.com/ir

PR Newswire

DALLAS, Dec. 10, 2012

DALLAS, Dec. 10, 2012 /PRNewswire/ -- In a scheduled update to its business
outlook for the fourth quarter of 2012, Texas Instruments Incorporated (TI)
(NASDAQ: TXN) today narrowed its expected ranges for revenue and earnings per
share (EPS).

The company currently expects its financial results to be within the following
ranges:

  oRevenue: $2.89 – 3.01 billion compared with the prior range of $2.83 –
    3.07 billion
  oEPS: $0.05 – 0.09 compared with the prior range of $0.23 – 0.31. EPS now
    includes $0.21 of charges associated with previously announced
    restructuring in the company's Wireless segment.

The company will hold a conference call at 4 p.m. Central time today to
discuss this update. This conference call will be available live at
www.ti.com/ir. TI's original fourth-quarter outlook was published in the
company's third-quarter 2012 earnings release on October 22, available at
www.ti.com/ir. TI's fourth quarter ends on December 31.

Safe Harbor Statement

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995:

This release includes forward-looking statements intended to qualify for the
safe harbor from liability established by the Private Securities Litigation
Reform Act of 1995. These forward-looking statements generally can be
identified by phrases such as TI or its management "believes," "expects,"
"anticipates," "foresees," "forecasts," "estimates" or other words or phrases
of similar import. Similarly, statements herein that describe TI's business
strategy, outlook, objectives, plans, intentions or goals also are
forward-looking statements. All such forward-looking statements are subject
to certain risks and uncertainties that could cause actual results to differ
materially from those in forward-looking statements.

We urge you to carefully consider the following important factors that could
cause actual results to differ materially from the expectations of TI or its
management:

  oMarket demand for semiconductors, particularly in key markets such as
    communications, computing, industrial and consumer electronics;
  oTI's ability to maintain or improve profit margins, including its ability
    to utilize its manufacturing facilities at sufficient levels to cover its
    fixed operating costs, in an intensely competitive and cyclical industry;
  oTI's ability to develop, manufacture and market innovative products in a
    rapidly changing technological environment;
  oTI's ability to compete in products and prices in an intensely competitive
    industry;
  oTI's ability to maintain and enforce a strong intellectual property
    portfolio and obtain needed licenses from third parties;
  oExpiration of license agreements between TI and its patent licensees, and
    market conditions reducing royalty payments to TI;
  oEconomic, social and political conditions in the countries in which TI,
    its customers or its suppliers operate, including security risks, health
    conditions, possible disruptions in transportation, communications and
    information technology networks and fluctuations in foreign currency
    exchange rates;
  oNatural events such as severe weather and earthquakes in the locations in
    which TI, its customers or its suppliers operate;
  oAvailability and cost of raw materials, utilities, manufacturing
    equipment, third-party manufacturing services and manufacturing
    technology;
  oChanges in the tax rate applicable to TI as the result of changes in tax
    law, the jurisdictions in which profits are determined to be earned and
    taxed, the outcome of tax audits and the ability to realize deferred tax
    assets;
  oChanges in laws and regulations to which TI or its suppliers are or may
    become subject, such as those imposing fees or reporting or substitution
    costs relating to the discharge of emissions into the environment or the
    use of certain raw materials in our manufacturing processes;
  oLosses or curtailments of purchases from key customers and the timing and
    amount of distributor and other customer inventory adjustments;
  oCustomer demand that differs from our forecasts;
  oThe financial impact of inadequate or excess TI inventory that results
    from demand that differs from projections;
  oImpairments of our non-financial assets;
  oProduct liability or warranty claims, claims based on epidemic or delivery
    failure or recalls by TI customers for a product containing a TI part;
  oTI's ability to recruit and retain skilled personnel;
  oTimely implementation of new manufacturing technologies, installation of
    manufacturing equipment and the ability to obtain needed third-party
    foundry and assembly/test subcontract services;
  oTI's obligation to make principal and interest payments on its debt;
  oTI's ability to successfully integrate National Semiconductor's
    operations, product lines and technologies, and to realize opportunities
    for growth and cost savings from the acquisition; and
  oBreaches of our information technology systems.

For a more detailed discussion of these factors, see the Risk Factors
discussion in Item 1A of TI's Form 10-Q for the quarter ended March 31, 2012.
The forward-looking statements included in this release are made only as of
the date of this release, and TI undertakes no obligation to update the
forward-looking statements to reflect subsequent events or circumstances.

About Texas Instruments

Texas Instruments semiconductor innovations help 90,000 customers unlock the
possibilities of the world as it could be – smarter, safer, greener, healthier
and more fun. Our commitment to building a better future is ingrained in
everything we do – from the responsible manufacturing of our semiconductors,
to caring for our employees, to giving back inside our communities. This is
just the beginning of our story. Learn more at www.ti.com.

TXN-F

SOURCE Texas Instruments Incorporated

Website: http://www.ti.com
Contact: media, Chris Rongone, +1-214-479-6868, c-rongone@ti.com, or Whitney
Jodry, +1-214-479-0952, wjodry@ti.com, or investor relations, Ron Slaymaker,
+1-214-479-6388, rslaymaker@ti.com, or Dave Pahl, +1-214-479-4629,
dpahl@ti.com, or Brandon Hodge, +1-214-479-3515, brandonhodge@ti.com