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.
Morris Chang
After he left General Instrument Corporation, Sun Yun-suan recruited him to become chairman and president of the Industrial Technology Research Institute. As head of a government-sponsored non-profit, he was in charge of promoting industrial and technological development in Taiwan. Chang founded TSMC in 1987, the beginning of the period where firms increasingly saw value in outsourcing their manufacturing capabilities to Asia. Soon, TSMC became one of the world's most profitable chip makers. Chang left ITRI in 1994 and became chairman of Vanguard International Semiconductor Corporation from 1994 to 2003 while continuing to serve as chairman of TSMC. In 2005, he handed TSMC's CEO position to Rick Tsai.