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.
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.