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Why did Geophysical Service change its focus?
Toward the end of the 1930s, Geophysical Service began to change its business focus because of the erratic nature of the oil exploration business. The company was reorganized: an oil company, Coronado Corporation, was established as the parent company, and a geophysical company, Geophysical Service, Inc. (GSI), was formed as a subsidiary. McDermott and Jons-son, along with two other GSI employees, purchased GSI from Coronado in 1941. During World War II, oil exploration continued, and the company also looked for other business opportunities. The skills GSI acquired producing seismic devices were put to use in the development and manufacture of electronic equipment for the armed services. This experience revealed marked similarities in design and performance requirements for the two kinds of equipment. Jonsson, encouraged by GSFs expansion during the war, helped make military manufacturing a major company focus. By 1942, GSI was working on military contracts for the U.S. Navy and the Army Signal Corps. This marked the beginning of the company ’ s diversification into electronics unrelated to petroleum exploration.
What happened to the TI-99/4A?
Suddenly, however, sales of the TI-99/4A fell off dramatically . By October, TFs overconfident projections and failure to predict the price competitiveness of the market had driven the company out of the home computer business altogether. By the time the 99/4A was withdrawn from the market, TFs usual competitive-pricing strategy had reduced the computer ’ s retail price below the company ’ s production cost, causing TFs first-ever loss, $145 million, in 1983.
How much did the first chip cost in 1962?
Smaller, lighter, faster, more dependable, and more powerful than its predecessors, the chip had many advantages, but it was expensive — $100 for small quantities in 1962.
How much was the chip in 1962?
Smaller, lighter, faster, more dependable, and more powerful than its predecessors, the chip had many advantages, but it was expensive — $100 for small quantities in 1962. But integrated circuits were ideally suited for use in computers, and together, chips and computers experienced explosive growth.
What was the first integrated circuit?
One of Texas Instruments ’ s most important breakthroughs occurred in 1958 when a newly hired employee, Jack S. Kilby, came up with the idea for the first integrated circuit. The integrated circuit was a pivotal innovation. Made of a single semiconductor material, it eliminated the need to solder components together.
How much did TI make in 1949?
Sales skyrocketed from $6.4 million in 1949 to $20 million in 1952 to $92 million in 1958, establishing TI as a major electronics manufacturer. A major factor in TI ’ s astronomical growth in the 1950s was the transistor.
What is TI in electronics?
The history of Texas Instruments Inc. (TI) was intimately related to the history of the American electronics industry. TI was one of the first companies to manufacture transistors, and it introduced the first commercial silicon transistors.