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.
Altair 8800
In addition to calculators, MITS made a line of test equipment kits. These included an IC tester, a waveform generator, a digital voltmeter, and several other instruments. To keep up with the demand, MITS moved into a larger building at 6328 Linn NE in Albuquerque in 1973. They installed a wave soldering machine and an assembly line at the new location. In 1972, Texas Instruments developed its own calculator chip and started selling complete calculators at less than half the price of other commercial models. MITS and many other companies were devastated by this, and Roberts struggled to reduce his quarter-million-dollar debt.