TI to return more to shareholders with a 33% increase in dividend and $5 billion of share buybacks

   TI to return more to shareholders with a 33% increase in dividend and $5
                          billion of share buybacks

Conference call to discuss capital management strategy, February 22, 10 a.m.
Central time at www.ti.com/ir

PR Newswire

DALLAS, Feb. 21, 2013

DALLAS, Feb. 21, 2013 /PRNewswire/ -- Texas Instruments Incorporated (TI)
(NASDAQ: TXN) today said it will increase its quarterly dividend by 33
percent, from $0.21 per share to $0.28, payable May 20, 2013, to shareholders
of record on April 30, 2013. Annualized, the new dividend will be $1.12.
Additionally, TI authorized the repurchase of an additional $5 billion of its
common stock bringing the total outstanding authorization to $8.4 billion.

These increases reflect the company's ability to generate cash and
management's commitment to return it to shareholders. Over the past few
years, TI has built a business model for growth and high margins with its
focus on Analog and Embedded Processing semiconductors. As a result, TI
believes it can consistently convert 20-25 percent of its revenue into free
cash flow* and return 100 percent of that free cash flow (less debt repayment)
to shareholders.

With today's dividend announcement, this will be the 10^th consecutive year of
dividend increases. The new dividend is contingent upon formal declaration by
the Board of Directors at its regular meeting in April. Common stock
repurchases have reduced the company's outstanding shares by 36 percent since
the end of 2004.

The company will host a conference call tomorrow, February 22, at 10 a.m.
Central time, to discuss the details of its capital management strategy and
its plans for consistent returns to shareholders. See www.ti.com/ir for

* Non-GAAP; Free cash flow equals cash flow from operations minus capital

Safe Harbor Statement

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

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 the company "believes," or "expects" or certain
events "will" occur. 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

  oMarket demand for semiconductors, particularly in key markets such as
    communications, computing, industrial, consumer electronics and
  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
  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
  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
  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 and 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 and realize opportunities for
    growth from acquisitions, and our ability to realize our expectations
    regarding the amount and timing of restructuring charges and associated
    cost savings; 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.


SOURCE Texas Instruments Incorporated

Website: http://www.ti.com
Contact: media, Chris Rongone, +1-214-479-6868, c-rongone@ti.com, or Kim
Morgan, +1-214-479-0707, kim-morgan@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
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