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2009 Corporate Citizenship Report

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Financial implications

In part because of significant uncertainties related to the rapidly evolving regulatory environment and the pace of scientific discovery, we have not yet fully quantified the estimated financial implications of climate change for TI. Although not believed to be material, the potential near-term risks to our operations from climate change include increases in energy prices and new regulations.

As outlined earlier, we believe that the power sector may bear a large share of the regulatory burden for reducing greenhouse gas (GHG) emissions and will pass most of the costs of compliance to its customers. As a result, we may see increased energy costs, which could impact our ability to operate in the U.S.

Direct regulation of any TI GHG emissions may also impact our operations globally. For example, as noted earlier, the regulation of chemicals critical to our manufacturing processes could potentially impact the worldwide semiconductor manufacturing industry if no substitute materials are successfully developed and tested as replacements.

In addition, should GHG emissions be capped or otherwise made subject to new limitations, TI could incur costs to install newly required abatement systems or other changed technology.

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