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Texas Instruments Inc Texas Instruments began its corporate life in 1930 as a company called Geophysical Service which was a petroleum-exploration firm founded by a couple of eager men by the names of Dr J ClarenceDoc Karcher and Eugene McDermott They used seismology to find oil It entered the defense electronics business during the 1940s and performed contracts for the Army and Navy Signal Corps The companys name changed to Texas Instruments in 1951 and bought the rights to manufacture the germanium transistor in 1952 from a similar company by the name of Western Electronics for the astronomical price of twenty-five thousand dollars Geophysical service soon became a subsidiary This sale was ideal for this growing company The transistor made possible the portable transistor radio and set the stage for the modern age of electronics In 1960 another milestone was reached The company had introduced its first commercially available integrated circuits also generally known as semiconductors or chips In the early 1970s the company developed a single-chip microprocessor and introduced a four-ounce portable calculator which was pretty bulky for that day and age but was impressive for them at that time Later in the decade the company began marketing an electronic watch that sold for about twenty dollars and a home computer Up to that time Texas Instruments was doing very impressively but the early 1980s was generally disappointing as the company lost share in both semiconductor and consumer electronics markets But in the late 1980s they introduced the worlds first quantum effect transistor and they formed a joint venture with Acer Inc to manufacture advanced semiconductors in Japan With these new products and ventures in addition with a new campaign and a re-emphasis on its semiconductors business brightened the companys prospects by the beginning of the 1990s Texas Instruments is a leading maker of electronics and electrical equipment for both industrial and consumer markets The company is best known for being a
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