Eugene McDermott
In 1951, McDermott, along with Cecil Howard Green, Patrick E. Haggerty, and J. Erik Jonsson co-founded Texas Instruments. This was done when the company changed its name to Texas Instruments; GSI becoming a wholly owned subsidiary of the new company. This acknowledged that the company had changed its focus from one primarily devoted to oil exploration to one focused on manufacturing. McDermott was the Chairman of TI from 1951-1957, Chairman of the Executive Committee of Board of Directors from 1957-1964 and Director until his death in 1973. During this period of time, Texas Instruments rose to be one of the world's largest corporations.
Texas Instruments
Jack Kilby, an employee at TI's Central Research Labs, invented the integrated circuit in 1958. Kilby recorded his initial ideas concerning the integrated circuit in July 1958, and successfully demonstrated the world's first working integrated circuit on September 12, 1958. Six months later, Robert Noyce of Fairchild Semiconductor (who went on to co-found Intel) independently developed the integrated circuit with integrated interconnect, and is also considered an inventor of the integrated circuit. In 1969, Kilby was awarded the National Medal of Science, and in 1982 he was inducted into the National Inventor's Hall of Fame. Kilby also won the 2000 Nobel Prize in Physics for his part of the invention of the integrated circuit. Noyce's chip, made at Fairchild, was made of silicon, while Kilby's chip was made of germanium. In 2008, TI named its new development laboratory "Kilby Labs" after Jack Kilby.