TI Updates Second-Quarter 2007 Business Outlook

Revenue Expected between $3.36 Billion and $3.51 Billion
EPS Expected between $0.40 and $0.44

Conference Call on TI Web Site at 4 p.m. CDT Today

In a scheduled update to its business outlook for the second quarter of 2007, Texas Instruments Incorporated (TI) (NYSE: TXN) today narrowed its expected ranges for revenue and earnings per share (EPS).

The company’s expectations for revenue are:

* Total revenue between $3.36 billion and $3.51 billion, compared with the prior range of $3.32 billion to $3.60 billion;
* Semiconductor revenue between $3.20 billion and $3.34 billion, compared with the prior range of $3.14 billion to $3.40 billion; and
* Education Technology revenue between $160 million and $170 million, compared with the prior range of $180 million to $200 million. The lower estimate reflects delays by retailers in stocking their back-to-school calculator inventory until closer to the start of school in the third quarter.

TI expects EPS from continuing operations between $0.40 and $0.44, compared with the previous range of $0.39 to $0.45.

The company will hold a conference call at 4 p.m. CDT today to discuss this update. This conference call will be available live at www.ti.com. TI’s original second-quarter outlook was published in the company’s first-quarter 2007 earnings release on April 23, available at www.ti.com. TI’s second quarter ends on June 30.