Eugene McDermott
In 1951, McDermott, along with Cecil Howard Green, Patrick E. Haggerty, and J. Erik Jonsson co-founded Texas Instruments. This was done when the company changed its name to Texas Instruments; GSI becoming a wholly owned subsidiary of the new company. This acknowledged that the company had changed its focus from one primarily devoted to oil exploration to one focused on manufacturing. McDermott was the Chairman of TI from 1951-1957, Chairman of the Executive Committee of Board of Directors from 1957-1964 and Director until his death in 1973. During this period of time, Texas Instruments rose to be one of the world's largest corporations.
Texas Instruments
For the fiscal year 2017, Texas Instruments reported earnings of US$3.682 billion, with an annual revenue of US$14.961 billion, an increase of 11.9% over the previous fiscal cycle. Texas Instruments shares traded at over $82 per share, and its market capitalization was valued at over US$88.0 billion in October 2018. As of 2018, Texas Instruments ranked 192nd on the Fortune 500 list of the largest United States corporations by revenue.
Today, TI is made up of four divisions: analog products, embedded processors (EP), digital light processing (DLP), and educational technology (ET).