Texas Instruments Investor meeting May 3, 2012

Rich Templeton Chairman, president and chief executive officer

Hybrid CMOS manufacturing

Sale of S&C

Transforming TI: better opportunities

Strategic actions

Increasing focus on Analog & Embedded Processing

Sale of memory

Unitrode acquisition

Burr-Brown acquisition

End digital CMOS development

300mm analog fab

National acquisition

Exit baseband

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Analog fab purchases

(Aizu, Chengdu)

* Continuing operations from 2003; excludes gains/(losses) on sale of Micron stock of $0.59, ($0.37) and $0.20 per share in 2000, 2002 and 2003. Excludes gain on sale of a product line of $0.08 in 2010 and total acquisition charges of $0.24 per share in 2011.

Transforming TI: higher returns

Earnings per share*

Transforming TI: more profitable

Gross profit % of revenue

* Continuing operations from 2003

Transforming TI: lower capital needs result in more cash

Capital expenditures % of revenue*

* Continuing operations from 2003

Transforming TI: higher quality revenue

TI revenue*

* As reported

Transition to higher quality revenue nearly complete

TI revenue mix

Customer diversity increases

Top 10 customers % TI revenue

Analog & Embedded Processing are in everything electronic

• Large markets – Analog: $42B*; Embedded Processing: $18B*

• Inside everything electronic – >90,000 TI customers

• Profitable markets with history of strong cash generation – Low capital investment due to fully deployed, long-lasting manufacturing assets – Catalog products with long lives

• Fragmented competition – Analog: 31 companies comprise 80% of market** – Embedded Processing: 10 companies comprise 80% of market**

• TI has strong positions, room to grow – #1 in Analog, 15% share* (2011) – #2 in Embedded Processing, 12% share* (2011)

* Source: WSTS, January 2012 **iSuppli, March 2012

TI is competitively advantaged by scale

• Breadth and depth of portfolio allow more TI chips per customer system

– Leadership in each major analog market product category – Rapidly expanding Embedded Processing portfolio

• More sales and applications engineers calling on more customers – 3-4x nearest competitors – Advantaged in China, India…and growing – Geographically close to customers

• Manufacturing and technology advantages – Industry’s first and only 300mm analog fab – Differentiated process and packaging technologies leveraged into a broad

range of products – Open capacity gives customers confidence of TI supply continuity

TI Analog is growing faster than market

Source: WSTS, January 2012

National is a powerful addition Total analog market 2011

$42B • 12K compelling products

complement TI’s 30K analog products

• Highly skilled analog engineering team

• Combined sales force 10x National’s – more customers, more markets, more revenue

• Cross-selling with “Winning Combo’s” makes it easier for customers to use more TI content

15% 3%

10%

6%

6%

4% 3%

3% 2%

39%

TI

National

ADI

Maxim Linear

Other

STM

Qualcomm

Infineon

NXP

Skyworks

6% 5%

3%

Source: Databeans, April 2012 and TI estimates (adjusted as if National/TI were separate entities)

Catalog analog market 2011 $17B

21%

7%

13%

7% 6% 3% 3%

3% 2%

2%

33%

TI

National

ADI

Linear Maxim On Semi

Intersil

STM Semtech

Richtek

Other

Strongest position in catalog analog

• 12K compelling products complement TI’s 30K analog products

• Highly skilled analog engineering team

• Combined sales force 10x National’s – more customers, more markets, more revenue

• Cross-selling with “Winning Combo’s” makes it easier for customers to use more TI content

Source: Databeans, April 2012 and TI estimates (adjusted as if National/TI were separate entities)

TI Embedded Processing is growing faster than market

Source: WSTS, January 2012

TI Confidential – NDA Restrictions

Presentation Title New opportunities for OMAP & Connectivity: Connected cloud and “Internet of things”

Portable terminals

Smartphones

Tablets Car infotainment

Video IP phones

Video teleconf

eBooks

Home automation Wearables

Robotics

Driver assist • Increasing cloud-based content and applications, new categories of access devices

• Great opportunity: – Diverse markets – Long product cycles – High margins – Opportunity for growth

• Fits TI’s broad market strategy

Preparing for growth in 2012

* Excludes memory, Source: WSTS

Pricing varies with supply and demand, but generally stable

* Excludes memory, Source: WSTS

Summary

• TI has been transforming to better opportunities that require lower capital, deliver higher returns

• Transition to Analog & Embedded Processing is nearly complete – 78% of portfolio positioned for growth – Not dependent on any single customer – 5 years of share gains in Analog & Embedded Processing – National a powerful addition

• Well-positioned to deliver growth and profitability in the years ahead