SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.
20549
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FORM 8-K
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CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) March 6, 1996
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TEXAS INSTRUMENTS INCORPORATED
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(Exact name of Registrant as specified in its charter)
Delaware 1-3761
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(State of Incorporation) (Commission File No.)
75-0289970
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(I.R.S. Employer Identification No.)
13500 North Central Expressway
P. O. Box 655474, Dallas, Texas 75265
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(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code 214-995-2551
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ITEM 5. Other Events.
The information set forth in the Registrant's news release dated
March 6, 1996 (attached hereto as Exhibit 21) is incorporated herein
by reference to such news release.
ITEM 7. Exhibits.
Designation of
Exhibit in
this Report Description of Exhibit
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21 Registrant's news release
dated March 6, 1996
SIGNATURE
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Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly authorized.
TEXAS INSTRUMENTS INCORPORATED
By _/s/ O. WAYNE COON_____________
O. Wayne Coon
Chief Corporate Counsel
and Assistant Secretary
Date: March 6, 1996
Exhibit Index
Designation of
Exhibit in Paper (P)
this Report Description of Exhibit or Electronic (E)
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21 Registrant's news release E
dated March 6, 1996
EXHIBIT 21
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News Release
C-96015
Media Contacts:
Neil McGlone 214-995-4961
Buddy Price 214-995-2355
TI Meeting for Financial Analysts
Focuses on Digital Solutions for the Networked Society
DALLAS (March 6, 1996) -- At its annual meeting for financial
analysts today in Dallas, Texas Instruments emphasized the company's
core capabilities in signal processing, microelectronics, and software,
and explained how they position the company to provide digital solutions
for the networked society. Through panel discussions and a series of
product demonstrations, TI showed its movement toward higher value-added
solutions targeted at high-growth markets in the digital revolution.
Semiconductors, which are at the heart of this revolution, were the
driving force behind TI's record financial results in 1995. In an
industry that has grown in total more than 100 percent over the last
four years, TI continued to outpace the industry, gaining market share
in 1995 for the fourth consecutive year.
This performance reflects the success of strategies TI put in
place several years ago to 1) increase its mix of differentiated
products, paced by leadership in digital signal processing solutions,
and 2) reduce the exposure of TI's position in the dynamic random access
memory (DRAM) market through business models that emphasize shared
investments, risks and opportunities. Most of TI's DRAM output is
produced through these models.
TI continues to see strength in underlying electronic end-equipment
demand, with most market analysts projecting 15-20 percent growth in
personal computers in 1996. However, prices for DRAMs recently have
dropped at an accelerated rate, due to continued excess inventory in the
marketplace. As a result, worldwide semiconductor market growth is
likely to be less than the company previously anticipated for 1996.
Despite the current weakness in DRAMs, TI continues to believe that
the world semiconductor market will grow at an average rate of 20
percent or more for the remainder of the decade, driven primarily by the
increasing semiconductor content in electronic end equipment and the
emergence of new markets in Asia.
Most non-DRAM segments of TI's business, particularly digital
signal processing solutions, mixed-signal/analog, networking and
telecommunications chips, remain strong. TI continues to grow faster
than the market in these differentiated product areas, and DSP sales in
particular, are on track to set another quarterly record.
As previously reported, TI is planning to step up capital and R&D
investments to strengthen its long-term position and build on the gains
it has made over the past four years. More than 90 percent of TI's
semiconductor capital spending planned for 1996 will be for non-DRAM
products, including the recently announced manufacturing facility in
Dallas to be dedicated to digital signal processors. TI will continue
to manage capital spending, R&D and other expenses, as market needs
dictate.
# # #
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995:
With the exception of historical information, the matters discussed in
this news release are forward-looking statements that involve risks and
uncertainties including, but not limited to, economic conditions,
product demand and industry capacity, competitive products and pricing,
manufacturing efficiencies, new product development, ability to enforce
patents, availability of raw materials and critical manufacturing
equipment, new plant startups, the regulatory and trade environment, and
other risks indicated in filings with the Securities and Exchange
Commission.
NOTE TO EDITORS: Texas Instruments Incorporated, headquartered in
Dallas, Texas, is a high-technology company with sales or manufacturing
operations in more than 30 countries. TI products and services include
semiconductors; defense electronics systems; software productivity
tools; printers, notebook computers and consumer electronics products;
custom engineering and manufacturing services; electrical controls; and
metallurgical materials.
More information about TI is located on the World Wide Web at
http://www.ti.com
