Texas Instruments
Texas Instruments was founded by Cecil H. Green, J. Erik Jonsson, Eugene McDermott, and Patrick E. Haggerty in 1951. McDermott was one of the original founders of Geophysical Service Inc. (GSI) in 1930. McDermott, Green, and Jonsson were GSI employees who purchased the company in 1941. In November, 1945, Patrick Haggerty was hired as general manager of the Laboratory and Manufacturing (L&M) division, which focused on electronic equipment. By 1951, the L&M division, with its defense contracts, was growing faster than GSI's Geophysical division. The company was reorganized and initially renamed General Instruments Inc. Because there already existed a firm named General Instrument, the company was renamed Texas Instruments that same year. From 1956 to 1961, Fred Agnich of Dallas, later a Republican member of the Texas House of Representatives, was the Texas Instruments president. Geophysical Service, Inc. became a subsidiary of Texas Instruments. Early in 1988 most of GSI was sold to the Halliburton Company.
Invention of the integrated circuit
The resistor-transistor logic of first ICs by Fairchild and Texas Instruments was vulnerable to electromagnetic interference, and therefore in 1964 both companies replaced it by the diode-transistor logic [91]. Signetics released the diode-transistor family Utilogic back in 1962, but fell behind Fairchild and Texas Instruments with the expansion of production. Fairchild was the leader in the number of ICs sold in 1961–1965, but Texas Instruments was ahead in the revenue: 32% of the IC market in 1964 compared to 18% of Fairchild.