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
TI has the largest market share in the analog semiconductor industry which has an estimated market TAM exceeding US$37 billion.On April 4, 2011, Texas Instruments announced that it had agreed to buy National Semiconductor for $6.5 billion in cash. Texas Instruments would pay $25 per share of National Semiconductor stock. It was an 80% premium over the share price of $14.07 as of April 4, 2011 close. The deal made Texas Instruments the world's largest maker of analog technology components.
The companies formally merged on September 23, 2011.