Texas Instruments
In 1930, J. Clarence Karcher and Eugene McDermott founded Geophysical Service, an early provider of seismic exploration services to the petroleum industry. In 1939, the company reorganized as Coronado Corp., an oil company with Geophysical Service Inc (GSI), now as a subsidiary. On December 6, 1941, McDermott along with three other GSI employees, J. Erik Jonsson, Cecil H. Green, and H.B. Peacock purchased GSI. During World War II, GSI expanded their services to include electronics for the U.S. Army, Signal Corps, and the U.S. Navy. In 1951, the company changed its name to Texas Instruments, with GSI becoming a wholly owned subsidiary of the new company.
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).