d Toshiba.Company ChronologyYearEvent1930Clarence “Doc” Karcher and Eugene McDermott founded Geophysical Service Inc in Newark, New Jersey, to develop reflective seismology, a new technology for oil and gas exploration.1934GSI moved to Dallas, TX. The company produced military electronics during WW II.1951GSI changes name to Texas Instruments.1952TI begins making transistors after buying license from Western Electric.1954TI creates first pocket-sized transistor radio.TI creates the first commercial silicon transistor.1957TI becomes major supplier to IBM.TI opens first foreign operation in the United Kingdom.1958TI engineer Jack Kilby and Bob Noyce invent the integrated circuit.TI engineers invent terrain-following airborne radar.1967TI engineers invent first handheld calculators.1970’sTI introduces home computers, educational toys, digital watches and innovative calculators.1971TI engineers assist in development of single-chip microcomputer.1983TI suffers its first financial loss.1988TI sells remaining oil and gas operations to Halliburton.1995TI sells its line of educational toys to Tiger Electronics.1996TI sells custom manufacturing business to Solectron.TI acquires Silicon Systems (chips for mass storage devices).1997TI sells notebook computer business to Acer.TI sells defense electronics operation to Raytheon.TI sells enterprise applications software to Sterling Software.1998TI buys Amati Communications, GO DSP, Spectron Microsystems.TI sells memory chip operations to Micron Technology.TI lays off 3500 employees.1999TI acquires Telogy Networks, ATL Research, Power Trends, Unitrode, Integrated Sensor Solutions, Libit Signal Processing, Butterfly VLSI.TI signs 10-year cross-licensing agreement with Hyundai Electronics worth $1 billion. General Strategic AnalysisGrand Strategy Texas Instruments is pursuing growth with related diversification as its grand strategy. TI plans to obtain their goals by using diversificat...
