TI updates fourth-quarter 2009 business outlook

Conference call on TI web site at 4 p.m. Central time today www.ti.com/ir


DALLAS, Dec. 8  /PRNewswire-FirstCall/ -- In a scheduled update to its business outlook for the fourth quarter of 2009, Texas Instruments Incorporated (TI) (NYSE:TXN) today revised its expected ranges for revenue and earnings per share (EPS).

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

  --  Revenue:  $2.90 - $3.02 billion, compared with the prior range of 
      $2.78 - $3.02 billion
  --  EPS:  $0.47 - $0.51, compared with the prior range of $0.42 - $0.50.




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 http://www.ti.com/ir.  TI's original fourth-quarter outlook was published in the company's third-quarter 2009 earnings release on October 19, available at http://www.ti.com/ir.  TI's fourth quarter ends on December 31.

"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 the Company'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:

  --  Market demand for semiconductors, particularly in key markets such as
      communications, entertainment electronics and computing;
  --  TI'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;
  --  TI's ability to develop, manufacture and market innovative products in
      a rapidly changing technological environment;
  --  TI's ability to compete in products and prices in an intensely
      competitive industry;
  --  TI's ability to maintain and enforce a strong intellectual property
      portfolio and obtain needed licenses from third parties;
  --  Expiration of license agreements between TI and its patent licensees,
      and market conditions reducing royalty payments to TI;
  --  Economic, 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 networks and
      fluctuations in foreign currency exchange rates;
  --  Natural events such as severe weather and earthquakes in the locations
      in which TI, its customers or its suppliers operate;
  --  Availability and cost of raw materials, utilities, manufacturing
      equipment, third-party manufacturing services and manufacturing
      technology;
  --  Changes 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;
  --  Changes 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;
  --  Losses or curtailments of purchases from key customers and the timing
      and amount of distributor and other customer inventory adjustments;
  --  Customer demand that differs from our forecasts;
  --  The financial impact of inadequate or excess TI inventory that results
      from demand that differs from projections;
  --  The ability of TI and its customers and suppliers to access their bank
      accounts and lines of credit or otherwise access the capital markets;
  --  Product liability or warranty claims, claims based on epidemic or
      delivery failure or recalls by TI customers for a product containing a
      TI part;
  --  TI's ability to recruit and retain skilled personnel; and
  --  Timely implementation of new manufacturing technologies, installation
      of manufacturing equipment and the ability to obtain needed
      third-party foundry and assembly/test subcontract services.




For a more detailed discussion of these factors, see the Risk Factors discussion in Item 1A of the Company's most recent Form 10-K.  The forward-looking statements included in this release are made only as of the date of this release, and the Company undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances.

About Texas Instruments

Texas Instruments (NYSE:TXN) helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun.  A global semiconductor company, TI innovates through design, sales and manufacturing operations in more than 30 countries.  For more information, go to http://www.ti.com/.

TXN-F 

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