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TI updates first-quarter 2013 business outlook

                TI updates first-quarter 2013 business outlook

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

www.ti.com/ir

PR Newswire

DALLAS, March 7, 2013

DALLAS, March 7, 2013 /PRNewswire/ -- In a scheduled update to its business
outlook for the first quarter of 2013, Texas Instruments Incorporated (TI)
(NASDAQ: TXN) today narrowed its expected ranges for revenue and earnings per
share (EPS) to the upper half of its prior expected ranges.

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

  oRevenue: $2.80 – 2.91 billion compared with the prior range of $2.69 –
    2.91 billion
  oEPS: $0.28 – 0.32 compared with the prior range of $0.24 – 0.32. EPS
    includes about $0.06 of acquisition and restructuring charges. It also
    includes a discrete tax benefit of $0.06 resulting from the reinstatement
    of the R&D tax credit that was retroactive to the beginning of 2012.

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 first-quarter outlook was published in the
company's fourth-quarter and year-end 2012 earnings release on January 22.
TI's first quarter ends on March 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, consumer electronics and
    automotive;
  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 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-K for the year ended December 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 Incorporated (TI) is a global semiconductor design and
manufacturing company that develops analog ICs and embedded processors. By
employing the world's brightest minds, TI creates innovations that shape the
future of technology. TI is helping more than 100,000 customers transform the
future, today. 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 Kim
Morgan, +1-214-479-0707, kim-morgany@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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