<SEC-DOCUMENT>0000950103-22-011539.txt : 20220921
<SEC-HEADER>0000950103-22-011539.hdr.sgml : 20220921
<ACCEPTANCE-DATETIME>20220629151527
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950103-22-011539
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20220629

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEXAS INSTRUMENTS INC
		CENTRAL INDEX KEY:			0000097476
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				750289970
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		P.O. BOX 660199
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75266
		BUSINESS PHONE:		9729953773

	MAIL ADDRESS:	
		STREET 1:		12500 TI BLVD
		STREET 2:		PO BOX 660199
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75266
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 125px; width: 253px"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">June 29, 2022</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 7.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">United States Securities
and Exchange Commission</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Division of Corporation
Finance</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Office of Manufacturing</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">100 F Street NE</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Washington, D.C.
20549</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Attention: Jennifer
Angelini, Erin Donahue</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>RE: &#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas
Instruments Incorporated</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Form
10-K for Fiscal Year Ended December 31, 2021</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Filed
February 4, 2022</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>File
No. 001-03761</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Dear Ms. Angelini
and Ms. Donahue:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">On behalf of Texas
Instruments Incorporated (the &ldquo;Company&rdquo; or &ldquo;TI&rdquo;), set forth below is the Company&rsquo;s response to the comments
of the Staff (the &ldquo;Staff&rdquo;) of the Securities and Exchange Commission (the &ldquo;SEC&rdquo;), dated June 2, 2022 relating
to the Company&rsquo;s Form 10-K for the year-ended December 31, 2021 (the &ldquo;2021 10-K&rdquo;).</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 4.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 4.5in; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">&nbsp;</TD>
  <TD STYLE="width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-size: 10pt">Sincerely,</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-size: 10pt">/s/
Rafael R. Lizardi</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-size: 10pt">Rafael
R. Lizardi</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-size: 10pt">Senior
Vice President and</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-size: 10pt">Chief
Financial Officer</FONT></P>
</TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 4.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 4.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 4.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 4.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I><U>Form 10-K
for Fiscal Year Ended December 31, 2021</U></I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I><U>General</U></I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>1. We note that
you provided more expansive disclosure in your Corporate Citizenship Report (&ldquo;CCR&rdquo;) and on your website than you provided
in your SEC filings. Please advise us what consideration you gave to providing the same type of climate-related disclosure in your SEC
filings as you provided in your CCR and on your website.</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Response</U>:
</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>As a publicly-traded,
global manufacturing company with approximately 30,000 employees worldwide and over 100,000 customers, TI has a wide variety of stakeholders
including employees, customers, suppliers, investors, community members, and others. TI&rsquo;s teams solicit input from internal and
external stakeholders throughout the year through regular engagement, and examine third-party sustainability assessments and benchmark
disclosure trends and best practices. TI then compares these inputs to company priorities to determine what topics and disclosures to
include in the annual Corporate Citizenship Report. TI has published a Corporate Citizenship Report every year since 2010, and has been
reporting on sustainability and environmental matters for several years before that. TI&rsquo;s 2020 Corporate Citizenship Report (the
&ldquo;2020 CCR&rdquo;) addresses a range of topics that are important to various constituencies, including certain sustainability and
environmental impact practices, and, together with TI&rsquo;s website, speaks to TI&rsquo;s broad audience of various stakeholders and
provides disclosures on topics beyond those considered to have a material impact on the Company&rsquo;s financial condition or results
of operations as contemplated by SEC rules and regulations. As a result, the 2020 CCR and TI&rsquo;s website include a wide variety of
detailed information that is disclosed on a voluntary basis, and that is not required to be disclosed pursuant to applicable SEC rules
and regulations. In fact, TI also explains in the 2020 CCR that the 2020 CCR includes &ldquo;information that is not material to TI,
but may be considered important to TI and to our stakeholders.&rdquo; </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>TI prepares the
information in its 2021 10-K and other SEC filings in accordance with Regulation S-K, Regulation S-X, Exchange Act Rule 12b-20, and the
SEC 2010 Guidance Regarding Disclosure Related Climate Change (the &ldquo;2010 Guidance&rdquo;). Additionally, in furtherance of TI&rsquo;s
disclosure controls and procedures, the appropriate TI subject matter experts and an internal cross-functional committee of senior management,
some of whom are also included in the preparation and review of the 2020 CCR, meet on a quarterly basis and more frequently as appropriate
for the preparation and review of TI&rsquo;s SEC filings to confirm compliance with SEC disclosure requirements. As part of these processes,
TI concluded that for its 2021 10-K the climate-related disclosures in its 2020 CCR were not material to an understanding of its business
or otherwise required by applicable SEC disclosure rules. </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Even though the
specific effects of climate change are not currently material to TI&rsquo;s business under the SEC&rsquo;s applicable disclosure standards
for TI&rsquo;s 2021 10-K, TI understands the potential effects of climate change and stakeholder interest in this topic. As it pertains
to this question and the other questions below, we acknowledge our obligation to continuously review these matters as part of our ongoing
disclosure controls and disclose climate-related matters in our SEC filings to the extent we determine it is required.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><U>Risk Factors,
page 9</U></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>2. Disclose the
material effects of transition risks related to climate change that may affect your business, financial condition, and results of operations,
such as policy and regulatory changes that could impose operational and compliance burdens, market trends that may alter business opportunities,
credit risks, or technological changes. For example, your CCR appears to identify 300mm advanced analog manufacturing as a technological
development related to climate change, noting its lower emissions and energy consumption versus older generation factories.</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Response</U>:
</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Like most companies,
TI is exposed to some transition risks related to climate change that may affect its business, financial condition, and results of operations.
TI considers transition risks as part of its risk management and SEC reporting processes, and as a result TI noted such transition risks
relating to laws, rules, and regulations concerning climate change under the Risk Factors section of the 2021 10-K, within the Legal
and Regulatory risks section. There, TI disclosed that it is subject to complex laws, rules, and regulations affecting its domestic and
international operations relating to, for example, the environment and climate change. As we noted in our 2021 10-K, if laws, rules,
and regulations are or were to be amended or expanded, or new ones enacted, TI could incur greater compliance costs associated with climate
change.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>In addition to
TI&rsquo;s SEC reporting process, TI assesses indirect consequences of climate-related regulation and business trends through both of
its comprehensive business continuity program and enterprise risk management program, in which TI considers risks that could have a material
impact to the Company&rsquo;s financial condition or results of operations, including those risks associated with environmental issues.
These assessments are conducted with inputs from cross-functional subject matter experts and leaders within the Company who identify
risks and opportunities, including with respect to policy and regulatory changes, reputational issues, market trends, credit risks, and
technological changes. As an example, TI considers risks related to current and emerging regulations around the world. TI routinely monitors
current, proposed, and emerging legislation, regulations, and policies in the regions in which TI operates, and assesses the current
and potential impact of such regulations to TI&rsquo;s operations. The evaluations performed through the business continuity program
and enterprise risk management program are conducted regularly and when significant events occur. Through these processes, TI did not
identify effects of any transition risks related to climate change that it believed would have a material impact to the Company&rsquo;s
financial condition or results of operations for TI&rsquo;s 2021 10-K. </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>TI will continue
to monitor the potential effects of transition risks related to climate change, including assessing whether specific regulatory, technological,
market, or reputational risks attributable to climate-related developments present unique risks that are material to TI&rsquo;s business,
financial condition, or results of operations. If such risks are considered to have a material effect on its business, financial condition,
or results of operations, TI will disclose such risks in future SEC filings, as required. </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>3. Disclose any
material litigation risks related to climate change and explain the potential impact to the company.</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Response</U>:
</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>TI does not have
any material climate change-related litigation, and given the nature of TI&rsquo;s business activities, TI does not expect such litigation
to be a material risk. In compliance with Item 103 of Regulation S-K, TI discloses material legal proceedings in its Annual Reports on
Form 10-K and Quarterly Reports on Form 10-Q in the normal course. TI is involved in various inquiries and proceedings that arise in
the ordinary course of business. TI believes that the amount of its liability arising from climate change-related litigation, if any,
will not have a material adverse effect upon TI&rsquo;s financial condition, results of operations, or liquidity. </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>As part of TI&rsquo;s
SEC reporting process, TI assesses the risk of material litigation, including litigation related to climate change, if any, by reviewing
threatened or asserted claims against the Company and monitoring trends and developments in litigation and regulation. This continuing
assessment involves coordination among litigation, environmental, and finance teams, who receive and review updates on pending litigation
and regulatory matters on a regular basis, and communication with the appropriate senior management representatives to review and assess
such developments. In addition, TI reviews its risk factor disclosures and identifies potentially material risks for consideration, including
litigation risks. Based on these processes, TI has not identified material litigation risks related to climate change. Should this change
and if TI becomes aware of material litigation risks related to climate change, TI will update its disclosures accordingly, as required.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I><U>Management&rsquo;s
Discussion and Analysis of Financial Condition and Results of Operations, page 17</U></I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>4. It appears
you have identified climate-related projects in your CCR, such as energy efficient projects to reduce greenhouse gas emissions. Tell
us how you considered providing disclosure regarding past and future capital expenditures for climate-related projects. Include quantitative
information for the periods covered by your Form 10-K and for future periods as part of your response. </I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Response</U>:
</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>In the 2020 CCR,
TI identified certain climate-related projects that illustrate actions that TI has taken or plans to take to reduce greenhouse gas emissions
and operate a more sustainable business, and that would be of interest to a broad stakeholder audience that includes constituencies beyond
investors, such as, employees, customers, suppliers, community members, and other interested parties. The investment of resources and
time in these projects is driven by a host of factors and considerations, and not necessarily by climate-related considerations alone.
In describing the various projects in the 2020 CCR, TI does not indicate that these projects were undertaken exclusively for the purpose
of addressing climate change, nor does the inclusion of a project in the 2020 CCR imply that the cost of the project is material for
SEC reporting purposes. During the periods covered by the 2021 10-K, such capital expenditure projects identified in the 2020 CCR were
not determined to be material. Please also reference the response to Comment 1, which further explains how TI determined the information
in the 2020 CCR was not material, either individually or in the aggregate.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>In considering
materiality of an individual capital expenditure project, part of TI&rsquo;s analysis involves considering the project&rsquo;s cost as
a percentage of TI&rsquo;s total capital expenditures. In addition, TI considers whether the cost of the project is reasonably likely
to result in a material impact to the Company&rsquo;s financial condition or results of operations. Note that as stated in Page 11 of
the 2020 CCR, TI implements more than 200 energy efficiency projects each year to reduce GHG emissions and energy costs. The largest
of these projects, which related to the installation of fans resulting in energy savings, was a total expenditure of $1.2 million for
2021 (representing less than 0.05% of TI&rsquo;s total capital expenditures for 2021 of $2.5 billion), and the total aggregate costs
of such energy efficiency projects was approximately $6.8 million (or less than 0.28% of TI&rsquo;s total capital expenditures for 2021
of $2.5 billion). However, none of these past or planned climate-related projects, individually or in the aggregate, involved material
capital expenditures during the periods covered by the 2021 10-K, nor are they expected to require material future capital expenditures.
</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>This assessment
of materiality was based on TI&rsquo;s internal process for reviewing and assessing capital expenditures, which involves a quarterly
review of quantitative and qualitative information by senior management and leaders at the Company. In assessing whether a capital expenditure
project is material, TI assesses the current and anticipated costs related to such project, and compares it to TI&rsquo;s financial condition
and results of operations, and determines whether it believes such expenditures have resulted in a material impact. Future business opportunities
or circumstances may cause a change in the Company&rsquo;s estimate of capital expenditures for climate-related projects.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>In future filings,
if applicable and material, TI will disclose capital expenditures, as required.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>5. To the extent
material, discuss the indirect consequences of climate-related regulation or business trends, such as the following:</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>decreased
                                            demand for goods or services that produce significant greenhouse gas emission or are related
                                            to carbon-based energy sources;</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>increased
                                            demand for goods that result in lower emissions than competing products;</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>increased
                                            competition to develop innovative new products that result in lower emissions;</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>increased
                                            demand for generation and transmission of energy from alternative energy courses;</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>any
                                            anticipated reputational risk resulting from operations or products that produce material
                                            greenhouse gas emissions; and</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>potential
                                            climate-related opportunities, such as the development of semiconductors for use in technologies
                                            with lower energy consumption and greenhouse gas emissions.</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Response</U>:
</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>With respect
to its 2021 10-K, TI did not identify indirect consequences of climate-related regulation or business trends that had or are expected
to have a material impact to the Company&rsquo;s financial condition or results of operations. TI acknowledges the indirect consequences
of climate change on its business, including those resulting from changes in regulation and other business trends, and has disclosed
risks related to such consequences within the Risk Factors section of the 2021 10-K. However, TI did not identify material indirect consequences
during the periods covered by its 2021 10-K.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>In addition to
TI&rsquo;s SEC reporting process, TI assesses indirect consequences of climate-related regulation and business trends through both of
its comprehensive business continuity program and enterprise risk management program, in which TI considers risks that could have a material
impact to the Company&rsquo;s financial condition or results of operations, including those risks associated with environmental issues.
These assessments are conducted with inputs from cross-functional subject matter experts and leaders within the Company who identify
risks and opportunities, including with respect to policy and regulatory changes, reputational issues, market trends, credit risks, and
technological changes. As an example, TI considers risks related to current and emerging regulations. TI routinely monitors current,
proposed, and emerging legislation, regulations, and policies in the regions in which TI operates, and assesses the current and potential
impact of such regulations to TI&rsquo;s operations. The evaluations performed through the business continuity program and enterprise
risk management program are conducted regularly and when significant events occur. Through these processes, TI did not identify effects
of any transition risks related to climate change that it believed would have a material impact to the Company&rsquo;s financial condition
or results of operations for TI&rsquo;s 2021 10-K. Through these processes, TI did not identify material indirect consequences of climate-related
regulation or business trends during the periods covered by its 2021 10-K. </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Throughout the
year, the Chief Executive Officer discusses risks with the Board, including TI&rsquo;s approach to managing sustainability and other
ESG-related risks. TI&rsquo;s Chief Financial Officer reviews the Company&rsquo;s enterprise risk management process with the Audit Committee
at least annually, and such information is also distributed to the Board. Where environmental, social, and governance (ESG)-related issues
may have significance for TI, these matters are reviewed in the relevant Committee of the Board. TI believes this approach ensures that
ESG issues are overseen by the committee with the appropriate focus. For example, climate-related issues are reviewed with the Audit
Committee by the Vice President of Worldwide Environmental, Safety and Health. The Governance and Stockholder Relations (GSR) Committee
of the Board also oversees ESG matters in connection with its responsibility to review public issues of interest to company stakeholders.
Management also provides updates to the </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>GSR Committee
at least annually on shareholder policies and proposals regarding ESG matters that are relevant to the Company. As part of TI&rsquo;s
processes, various risks are assessed holistically for potential financial or strategic impact to the Company, taking into account the
totality of the circumstances, including quantitative analyses of potential financial and operational impact as well as qualitative factors
such as compliance with laws, pending regulations, and the potential effect on TI&rsquo;s reputation. Management reviews each risk and
opportunity and determines the course of action, as appropriate.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>TI will continue
to monitor the indirect consequences of climate-related regulation or business trends, and, to the extent material to TI&rsquo;s business,
financial condition or results of operations, TI will disclose such consequences in future SEC filings, as required.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>6. We note your
disclosure that climate change might exacerbate natural occurrences such as severe weather or cause natural disasters to occur with greater
frequency. Please discuss the physical effects of climate events on your operations and results, such as weather-related damages to your
property or operations, and weather-related impacts on the cost or availability of insurance. Include quantitative information with your
response for each of the periods covered by your Form 10-K and explain whether increased amounts are expected in future periods. In addition,
please discuss the potential for indirect weather-related impacts that have affected or may affect your major customers or suppliers.</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Response</U>:
</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>During the periods
covered by the 2021 10-K, TI did not experience physical effects of climate change that had a material impact to the Company&rsquo;s
financial condition or results of operations.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Like other global
manufacturing companies, TI has facilities and other operations in locations subject to natural occurrences such as severe weather events
that could disrupt operations in the various countries in which TI operates. As disclosed in the Risk Factors section of the 2021 10-K,
climate change might exacerbate these occurrences or cause natural disasters to occur with greater frequency. For instance, a natural
disaster that results in a prolonged disruption, particularly where TI has principal manufacturing and design operations, may adversely
affect TI&rsquo;s results and financial condition. To illustrate with a quantitative example, in connection with a winter storm in Texas
during February 2021, the largest expense at TI in connection with that storm was approximately $50 million in incremental utility costs,
representing less than 1.0% of TI&rsquo;s total cost of revenue of $5.97 billion in 2021. Consequently, this weather-related event was
not material to TI during the periods covered by the 2021 10-K. This assessment is based on TI&rsquo;s internal process for reviewing
and assessing risks to TI, which involves a review of quantitative and qualitative information by the relevant subject matter experts
and management, including in the context of TI&rsquo;s overall financial condition and results of operations.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>With respect
to insurance, TI has not experienced a lack of availability or a material increase in the cost of its insurance programs. As an illustrative
example, in connection with a winter storm in Texas during February 2021, TI had approximately $200,000 of potentially insurable property
damage overall and about $54 million of potentially insurable lost profit and fixed cost absorption overall relating to missed wafer
starts in five fabrication facilities. Both of these potential claims were subject to a deductible, and neither was pursued under an
insurance claim. For context, for 2021, the largest cost for insurance purchased by TI consisted of property insurance, with insurance
premiums (excluding taxes and fees) costing about $29 million, and the amount spent by TI on insurance overall on an annual basis is
approximately $34 million, or 0.4% of TI&rsquo;s profit before income taxes for 2021 ($8.9 billion). Between 2019 and 2020, the amount
spent by TI on insurance premiums (excluding taxes and fees) overall on an annual basis increased by approximately 10% from $29 million
to $32 million, and between 2019 and 2020, increased by 6% from $32 million to $34 million. Accordingly, TI does not believe that any
weather-related impacts on the cost or availability of insurance have caused or are reasonably likely to cause a material impact to TI&rsquo;s
financial condition or results of operation.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>With respect
to the potential for indirect weather-related impacts that have affected or may affect TI&rsquo;s major customers or suppliers, TI has
not identified during the periods covered by the 2021 10-K any material risks relating to indirect weather-related impacts that would
affect TI&rsquo;s major customers or suppliers. This assessment is based, in part, on TI&rsquo;s risk management processes, as well as
TI&rsquo;s range of suppliers and customers (number and geography), breadth of portfolio and diversity and longevity of products and
markets, all of which help mitigate the risk that any adverse weather event affecting a </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>supplier or customer
would have a material effect on TI as a whole. With respect to suppliers, TI purchases raw materials and supplies from numerous suppliers
around the world. TI regularly assesses risks to its supply chain, whether anticipated (such as emerging regulations) or unexpected (such
as natural disasters). TI also evaluates suppliers&rsquo; financial health and concentration to prevent or manage reputational issues,
order fulfillment problems, shipping delays, or increased costs. To that end, TI requires that all suppliers maintain a business continuity
plan in the event of a business interruption and make the contents of such plans available to TI upon request. TI also requires that
suppliers communicate with TI and implement their business continuity plan within 24 hours of a triggering incident to maintain supply
continuity. With respect to customers, the potential for indirect weather-related impacts that may affect TI&rsquo;s major customers
is potentially similar to that faced by other large global manufacturing companies with diversified offerings. The reach of TI&rsquo;s
market channels allows TI to sell its broad portfolio of approximately 80,000 products to over 100,000 customers. </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>More broadly,
as a global organization, TI&rsquo;s manufacturing footprint, supply chain and distribution network, together with its business continuity
planning processes lessen the potential for an impact from climate-related physical risks such as weather-related damages to property
or operations, and weather-related impacts on the cost or availability of insurance. TI operates an integrated multi-disciplinary business
continuity program and enterprise risk management program which assess and manage risks at various levels of the organization to ensure
that its businesses and operations are resilient. TI proactively monitors weather conditions that may become severe and impact its employees,
facilities, or supply chain. The diversification of TI&rsquo;s business operations, along with the actions that TI has already taken
to ensure the efficiency of its operations, reduces TI&rsquo;s exposure to physical climate-related risks. As a result of these processes,
TI did not identify material physical effects of climate change on its operations and results during the periods covered by the 2021
10-K. </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>TI will continue
to monitor the physical effects of climate change, and in the event TI experiences any such effects, TI will, in future filings, discuss
the material physical effects of climate change on its operations and results, as required.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>7. We note your
disclosure on page 12 regarding the potential costs of compliance with laws and regulations, including those relating to the environment
and climate change. Tell us about and quantify any compliance costs related to climate change for each of the periods covered by your
Form 10-K and explain whether increased amounts are expected to be incurred in future periods.</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Response</U>:
</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Although annual
costs of compliance with laws and regulations, including those relating to the environment and climate change, are expected to increase
in future years with additional regulation in the United States and internationally, those compliance costs have not, to date, been material
to TI. </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Generally, TI&rsquo;s
actual and anticipated potential costs related to compliance with new climate change-related laws and/or regulations have largely comprised,
and are anticipated to comprise, of costs related to its existing internal compliance programs, existing voluntary climate change-related
data gathering and reporting program, and outside fees for third parties TI engages. More specifically, incremental costs associated
with climate change that TI has incurred generally include those for outside consultants, attorneys, as well as increased time allocations
of various TI personnel, such as ESH, legal, accounting, IT and finance personnel, in connection with TI&rsquo;s voluntary efforts and/or
preparation for greenhouse gas emission and other similar reporting mandates. </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>For instance,
while not mandated by any existing regulatory program, TI initiated a voluntary comprehensive climate change scenario analysis in 2021
to identify and assess potential risks to TI and opportunities associated with climate change. TI anticipates that this type of analysis
could be an example of the type of incremental compliance cost associated with climate change in the future. To further illustrate with
a quantitative example, with respect to assessing climate scenario analysis for purposes of TI&rsquo;s voluntary reporting, not including
increased time allocations of personnel outside of dedicated sustainability matters, the largest cost of engaging with a third-party
consultant in 2021 to conduct the scenario analysis referenced above was approximately $240,000, representing less than 0.1% of TI&rsquo;s
operating and administrative costs and expenses of approximately $1.7 billion in 2021. Based on these considerations, the incremental
cost is not material relative to the Company&rsquo;s financial condition or results of operations.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>In assessing
whether there are material compliance costs related to new laws and/or regulations in response to climate change, TI assesses in part
the current and anticipated costs related to compliance with such laws and/or regulations, and evaluates the impact to TI&rsquo;s financial
condition and results of operations,. TI does not believe these compliance costs have had a material impact to the Company&rsquo;s financial
condition or results of operations. </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>TI acknowledges
that there is a potential risk that we could incur greater compliance costs arising from compliance with future laws or regulations in
response to climate change (as noted in the Company&rsquo;s risk factor titled &ldquo;Risk Factors &ndash; Legal and regulatory risks
- Our operations could be affected by the complex laws, rules and regulations to which our business is subject.&rdquo;). Should laws,
rules and regulations be amended or expanded, or new ones enacted, TI could incur materially greater compliance costs associated with
climate change. Some of these complex laws, rules and regulations &ndash;may particularly affect TI in the jurisdictions in which we
manufacture products, especially if, for example, such laws and regulations require the addition or elimination of a material or process
to or from our current manufacturing processes. As we further explain, a substitute for a prohibited material or process might not be
available, or might not be available at reasonable cost. Such costs as they relate </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 10; Value: 1 -->
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>to future laws
or regulations are currently unknown because such laws or regulations have yet to be created. TI believes it has adequately addressed
the potential risk for compliance with future laws or regulations related to climate change in its risk factor described above.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>As new laws and
regulations become effective, TI will continue to assess the materiality of their impact and whether such impact would require disclosure
under SEC rules and regulations.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>8. If material,
please provide disclosure about any purchase or sale of carbon credits or offsets and any material effects on your business, financial
condition, and results of operations. Include quantitative information for the periods covered by your Form 10-K and for future periods
as part of your response.</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Response</U>:
TI did not engage in purchases or sales of carbon credits or offsets during the periods covered by the 2021 10-K.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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    <!-- Field: /Page -->

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
