Texas Instruments Executive Compensation

DALLAS (AP) - The chief executive of Texas Instruments received compensation valued at $9.6 million in 2008.

That's down 6.6 percent from the previous year as the Dallas-based semiconductor maker faced fierce competition for chips that power cell phones.

And a TI filing with the Securities and Exchange Commission says much of Richard K. Templeton's compensation came in stock options that currently have little value.

TI says Templeton's salary was 3 percent higher than in 2007 at $960,780, reflecting an expected increase for CEOs at other companies. But his performance-related bonus dropped from $2.4 million to $1.6 million.

Bonuses for Templeton and other top executives fell about 35 percent because Texas Instruments' performance was "below the median" of its competitors.

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