Investor Presentaiton

Raw materials We purchase materials, parts and supplies from a number of suppliers. In some cases we purchase such items from sole source suppliers. The materials, parts and supplies essential to our business are generally available at present, and we believe that such materials, parts and supplies will be available in the foreseeable future. Intellectual property We own many patents, and have many patent applications pending, in the United States and other countries in fields relating to our business. We have developed a strong, broad-based patent portfolio and continually add patents to that portfolio. We also have license agreements, which vary in duration, involving rights to our portfolio or those of other companies. We do not consider our business materially dependent upon any one patent or patent license. We often participate in industry initiatives to set technical standards. Our competitors may participate in the same initiatives. Participation in these initiatives may require us to license certain of our patents to other companies on reasonable and non-discriminatory terms. We own trademarks that are used in the conduct of our business. These trademarks are valuable assets, the most important of which are "Texas Instruments" and our corporate monogram. Research and development Our R&D expense was $1.37 billion in 2016, compared with $1.28 billion in 2015 and $1.36 billion in 2014. Our primary areas of R&D investment are Analog and Embedded Processing products. We conduct most of our R&D internally. However, we also closely engage with a wide range of third parties, including software suppliers, universities and select industry consortia, and we collaborate with our foundry suppliers on semiconductor manufacturing technology. Executive officers of the Registrant The following is an alphabetical list of the names and ages of the executive officers of the company and the positions or offices with the company held by each person named: Name Age Position Niels Anderskouv * 47 Senior Vice President Stephen A. Anderson 55 Senior Vice President Ellen L. Barker * 54 Brian T. Crutcher 44 Senior Vice President and Chief Information Officer Executive Vice President and Chief Operating Officer R. Gregory Delagi 54 Senior Vice President Haviv llan * 48 Senior Vice President Rafael R. Lizardi ** 44 Kevin P. March ** 59 Kevin J. Ritchie 60 Richard K. Templeton 58 Senior Vice President and Chief Financial Officer Senior Vice President, Principal Financial Officer and Chief Accounting Officer Senior Vice President Director; Chairman of the Board, President and Chief Executive Officer Cynthia Hoff Trochu 53 Senior Vice President, Secretary and General Counsel Julie M. Van Haren *** 48 Senior Vice President Teresa L. West *** 56 Senior Vice President Darla H. Whitaker 51 Senior Vice President Bing Xie 49 Senior Vice President * Effective January 19, 2017. ** *** Effective February 1, 2017, Mr. Lizardi succeeded Mr. March as chief financial officer. Mr. Lizardi will assume the responsibilities of chief accounting officer effective March 1, 2017, at which time Mr. March will cease to be principal financial officer. Mr. March will retire from the company later this year. Effective January 1, 2017, Ms. Van Haren succeeded Ms. West, who will retire from the company on February 28, 2017. TEXAS INSTRUMENTS . 2016 FORM 10-K 7 FORM 10-K

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