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Texas Instruments Makes $500,000 Donation to Aid Tsunami Relief Efforts

Dec 30, 2004

DALLAS (December 30, 2004) -- Texas Instruments has announced today that it is making a $500,000 donation to the American Red Cross International Response Fund for immediate and emergency care for victims of South Asia’s devastating tsunami. The company is also matching dollars donated by its employees for the same cause.

“Our hearts go out to the many victims of this terrible tragedy,” said Rich Templeton, TI President and CEO. “I join TIers around the world in offering prayers and condolences to the many who have lost so much.”

TI operates globally in more than 25 countries including several impacted by the tsunami, but no TI sites or employees were affected, and operations continue as normal. TI employees in India, Malaysia and Singapore collected clothing, blankets, linens and other necessities that have been shipped to the worst-hit families. Additionally, diversity initiatives across TI are planning their own fund-raising activities to benefit those in the region.

“We are truly grateful for the giving spirit shown by Texas Instruments and its employees. Their social responsibility has been alive and well since the company’s beginnings,” said Cheryl Sutterfield-Jones, CEO of the American Red Cross Dallas Chapter. “This generous donation will go a long way in providing the most urgent needs.”

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Texas Instruments Incorporated provides innovative DSP and analog technologies to meet our customers’ real world signal processing requirements. In addition to Semiconductor, the company’s businesses include Sensors & Controls, and Education Technology. TI is headquartered in Dallas, Texas, and has manufacturing, design or sales operations in more than 25 countries.

Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at www.ti.com.

Governed by volunteers and supported by community donations, the American Red Cross is dedicated to saving lives and helping people prevent, prepare for and respond to emergencies. Through its 1.2 million volunteers and 30,000 employees, the Red Cross annually mobilizes relief to families affected by more than 67,000 disasters, trains almost 12 million people in lifesaving skills and exchanges more than 1 million emergency messages between U.S. military service personnel and their families. The Red Cross is the largest supplier of blood and blood products to more than 3,000 hospitals across the nation and also assists victims of international disasters and conflicts at locations worldwide.