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.
University of Texas at Austin
Founded in 1946, UT Austin's Applied Research Laboratories at the PRC has developed or tested the vast majority of the Navy's high-frequency sonar equipment. In 2007, the Navy granted it a research contract funded up to $928 million over ten years. The Institute for Advanced Technology, founded in 1990 and located in the West Pickle Research Building, supports the U.S. Army with basic and applied research in several fields.