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National Semiconductor Increases Quarterly Cash Dividend

Oct 6, 2006

October 6, 2006 - National Semiconductor Corporation (NYSE:NSM) announced today that the Board of Directors has declared a cash dividend of  $0.04 per outstanding share of common stock, which is an increase from the prior quarterly cash dividend of $0.03 per share.  This new dividend will be paid on January 8, 2007 to shareholders of record at the close of business on December 18, 2006.

National Semiconductor had 324,227,988 million shares of common stock outstanding at the end of its first quarter of fiscal 2007, which ended August 27, 2006.

About National Semiconductor

National Semiconductor, the industry's premier analog company, creates high-value analog devices and subsystems.  National's leading-edge products include power management circuits, display drivers, audio and operational amplifiers, interface products and data conversion solutions. National's key analog markets include wireless handsets, displays and a variety of broad electronics markets, including medical, automotive, industrial, and test and measurement applications. Headquartered in Santa Clara, Calif., National reported sales of $2.16 billion for fiscal 2006, which ended May 28, 2006.  Additional company and product information is available at

www.national.com

.