Texas Instruments Incorporated · NASDAQ:TXN
Texas Instruments — Merger or Acquisition (February 2026)
13 slides from Texas Instruments's merger presentation, Feb 4, 2026
Slide 1: DRAFT TI – MAXIMUM RESTRICTIONS PRIVILEGED Exhibit 99.2
DRAFT TI CONFIDENTIAL – MAXIMUM RESTRICTIONS PRIVILEGED Exhibit 99.2
Slide 2: Strategically and financially compelling transaction
Company estimates 1 Excluding transaction-related costs Accretive to EPS1 in first full year post-close High-performing culture with hardware and software engineering expertise Utilizes TI’s industry-leading, dependable, low-cost manufacturing capacity to better serve customers A leader in embedded
Slide 3: Enhancing global leadership in embedded wireless connectivity solutions
Enhancing global leadership in embedded wireless connectivity solutions Strengthening TI’s sustainable competitive advantages 1 SERIES 2 SERIES 3 SERIES HARDWARE SOFTWARE TOOLS SERVICES CONNECT COMPUTE SECURE AI/ML PRODUCTS PLATFORM TECHNOLOGY Manufacturing and technology Broad portfolio of analog a
Slide 4: Utilizing Silicon Labs' leading innovation, technology and IP to better serve customers
Utilizing Silicon Labs’ leading innovation, technology and IP to better serve customers Engineering All Other Employees by function Engineering expertise in wireless connectivity, mixed signal solutions and software ~70% of employee base dedicated to engineering Engineering capabilities across softw
Slide 5: Silicon Labs diversified and durable customer base
~85% of Silicon Labs’ revenue in industrial end market1 Long tail <5% Largest customer 100+ >$1M customers >15k Customers Silicon Labs diversified and durable customer base Silicon Labs’ customer base Company estimates 1 Represents 2025 revenue. Smart locks Power tools Lighting Building security Bui
Slide 6: Scaled opportunity growing at double digits
Company estimates 2014 Revenue per Silicon Labs’ March 2025 Analyst Day Scaled opportunity growing at double digits Texas Instruments’ manufacturing capacity, reach of market channels and cross-sell opportunities enable further growth Market demand continues to accelerate, with broad secular tailwin
Slide 7: Utilizes Texas Instruments' internally-owned, geopolitically dependable manufacturing capacity
Utilizes Texas Instruments’ internally-owned, geopolitically dependable manufacturing capacity Transfers manufacturing from external foundries and outside assembly and test into TI factories Provides Silicon Labs’ customers with dependable, affordable supply at scale Synergistic process technologies
Slide 8: Achieving meaningful manufacturing and operational synergies
Achieving meaningful manufacturing and operational synergies 100% of target savings to be achieved within three years of close $450M+ annual synergy opportunity Accretive to EPS1 in first full year post-close Company estimates 1 Excluding transaction-related costs COGS OPEX Expected to unlock synerg
Slide 9: Transaction overview
Transaction overview Transaction consideration $231 per share in cash consideration to Silicon Labs’ shareholders Implied enterprise value: $7.5 billion Funding and financials Combination of balance sheet cash and financing in the investment grade capital markets Accretive to Texas Instruments’ EPS1
Slide 10: Enhancing global leadership in embedded wireless connectivity solutions
Enhancing global leadership in embedded wireless connectivity solutions Increased breadth and depth of products, technology and customers Diversified and growing customer base Accretive to EPS1 within the first year Global and dependable manufacturing Hardware and software engineering expertise Manu
Slide 11: DRAFT TI – MAXIMUM RESTRICTIONS PRIVILEGED
DRAFT TI CONFIDENTIAL – MAXIMUM RESTRICTIONS PRIVILEGED
Slide 12: Additional information and where to find it
Additional information and where to find it In connection with the proposed transaction, Silicon Labs plans to file a proxy statement with the Securities and Exchange Commission (“SEC”) with respect to a special meeting of stockholders for purposes of obtaining stockholder approval of the proposed t
Slide 13: No Offer or Solicitation; Cautionary Statement Regarding Forward-Looking Statements
No Offer or Solicitation This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer,
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