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
The University of Texas at Austin (also known as UT Austin, or UT) is a public research university in Austin, Texas. It was founded in 1883 and is the flagship institution of the University of Texas System. UT Austin was inducted into the Association of American Universities in 1929, becoming only the third university in the American South to be elected. The institution has the nation's eighth-largest single-campus enrollment, with over 50,000 undergraduate and graduate students and over 24,000 faculty and staff. As of December 2018, it also has the second-largest endowment (exceeding $31 billion) among higher-education institutes in the US, surpassed only by Harvard University.