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VOLUME PRODUCTION OF ADVANCED SEMICONDUCTORS ACHIEVED AT TEXAS INSTRUMENTS AVEZZANO PLANT IN ITALY

 VOLUME PRODUCTION OF ADVANCED SEMICONDUCTORS ACHIEVED AT
 TEXAS INSTRUMENTS AVEZZANO PLANT IN ITALY
 AVEZZANO, Italy, May 8 /PRNewswire/ -- Texas Instruments Incorporated ("TI") (NYSE: TXN) today announced that it has reached volume production of 4-megabit dynamic random access memory (DRAM) chips at its newest European semiconductor manufacturing facility at Avezzano, Italy.
 The announcement was made at the Avezzano plant during a formal inauguration ceremony attended by TI's European customers, Italian government and European Community officials, press and industry analysts and university researchers.
 "We believe the ability to fabricate advanced semiconductors in Europe will be important to the future of TI and vital to the economic strength of this region," said Jerry R. Junkins, TI's chairman, president and chief executive officer.
 Avezzano is TI's first submicron CMOS (complementary metal oxide semiconductor) memory facility in Europe. It is one of the main results of an ambitious $1.2 billion program contract announced in 1989 by TI and the Italian


Government to establish a high technology infrastructure in the Mezzogiorno region. Nearly all of Avezzano's output will be used to serve the requirements of the European electronics market.
 "The Avezzano facility is a key component of an aggressive expansion strategy that we initiated in the late 1980s to significantly increase our capacity in the world's four major markets for semiconductors -- Europe, Japan, the U.S. and the Asia-Pacific Region," Junkins said.
 The 4-megabit DRAMs produced at Avezzano are used in a wide variety of electronics end-equipment, including personal computers and engineering workstations, fax machines, telecommunications systems and consumer electronics products.
 The worldwide market for 4-megabit DRAMs is expected to approximately triple in total number of units sold in 1992 from 1991. Over the lifetime of the product, the market is expected to be $30 billion.
 In addition to 4-megabit DRAMs, Avezzano has the technical capability to transition production to application-specific integrated circuits, advanced MOS logic and non-volatile memory. Initial work on .5-micron, 16-megabit DRAM technology is also expected to begin soon at Avezzano.
 "Avezzano is a cornerstone in positioning ourselves to capitalize on the opportunities created by the integrated European market," said Roberto Schisano, president of TI Europe. "We are taking the right steps to better serve our European customers, and this additional capacity in Europe will enable us to make significant market share gains when the next upturn occurs."
 Schisano said that Avezzano also holds positive implications for the competitiveness of the European electronics industry. "Across all electronics end-equipment segments, our key European customers are finding TI a very attractive partner to compete against their vertically integrated Japanese counterparts.
 "By working closely with our teacher customers early in the design stages of their systems, we can share resources and leading-edge technology to create, in essence, a 'Western-style keiretsu.' Our customers benefit through shortened design cycle times, faster time-to- market, and increased performance at a lower total cost."
 The Avezzano plant is "harmonized" with TI's other submicron CMOS facilities around the world. These manufacturing facilities are built around common materials, equipment and processes for maximum productivity and flexibility. This enables TI and its affiliated joint ventures to shift between standard and customized products in response to customer needs, as well as to extend the life of the facilities and increase operating efficiencies.
 These harmonized wafer fabs typically begin production using the latest generation DRAM chip to develop the fine geometry processing capabilities that are then used to produce a broader product portfolio. Avezzano and TI's other harmonized fabs are integrated by one of the world's most extensive computer and communications networks, creating what TI calls a "global, seamless factory."
 In addition to Avezzano, TI has several other jointly funded wafer fabs in ventures with customers and governments. These include joint ventures with Acer Incorporated in Taiwan, Kobe Steel in Japan, and a cooperative agreement with Hewlett-Packard, Canon and the government of Singapore. These shared investments have helped TI reduce it cash requirements by more than $1.0 billion over several years and achieve a cost-of-capital rate on par or below the Japanese, thereby enhancing the company's competitiveness.
 -0- 5/8/92
 /NOTE TO EDITORS: Texas Instruments Incorporated, headquartered in Dallas, Texas, is a high-technology company with sales and manufacturing operations in more than 30 countries. TI develops, manufactures and markets semiconductors, defense electronics systems, software productivity tools, computer systems and peripheral products, custom engineering and manufacturing services, electrical controls, metallurgical materials, and consumer electronic products./
 /CONTACT: Terri West of Texas Instruments, 214-995-3481/
 (TXN) CO: Texas Instruments Incorporated ST: Texas IN: CPR SU:


TQ -- NY021 -- 8004 05/08/92 10:07 EDT
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Date:May 8, 1992
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