Texas Instruments Inc. known as TI, is an American company based
in Dallas, Texas, United States, which develops and
commercializes semiconductor and computer technology. TI is the third
largest manufacturer of semiconductors worldwide after Intel and Samsung,
the second largest supplier of chips for cellular handsets after Qualcomm, and the largest producer
of digital signal processors (DSPs)
and analog semiconductors, among a wide range of other semiconductor
products,including calculators, microcontrollers and multi-core processors.
Texas Instruments is among the Top 20 Semiconductor producing
companies in the world.Texas Instruments was founded in 1951. It emerged after
a reorganization of Geophysical Service. This company manufactured
equipment for use in the seismic industry as well as defense electronics. TI
researched infrared technology in the late 1950s and later made transistors,
including the world's first workable silicon transistor, radar systems,
guidance and control systems for both missiles and bombs. In 1954, Texas
Instruments designed and manufactured the first transistor radio and Jack
Kilby invented the integrated circuit in 1958 while working at
TI's Central Research Labs. The company produced the first integrated circuit-based
computer for the U.S. Air Force in 1961. The hand-held calculator was
introduced to the world by TI in 1967.In the 1970s and 80s the company focused
on consumer electronics including digital clocks, watches, hand-held
calculators, home computers as well as various sensors. In 1997, its defense
business was sold to Raytheon. In 2007, Texas Instruments was awarded the
Manufacturer of the Year for Global Supply Chain Excellence by World Trade
magazine. Texas Instruments is considered to be one of the most ethical
companies in the world.After the acquisition of National Semiconductor in
2011, the company has a combined portfolio of nearly 45,000 analog products and
customer design tools,making it the world's largest maker of analog technology
components. In 2011, Texas Instruments ranked 175 in the Fortune 500. TI
is made up of two main divisions: Semiconductors (SC) and Educational
Technology (ET) of which Semiconductor products account for approximately
96 % of TI's revenue.Texas Instruments was founded by Cecil H. Green, J. Erik Jonsson, Eugene McDermott, and Patrick E. Haggerty in 1951. McDermott
was one of the original founders of Geophysical Service in 1930. McDermott, Green,
and Jonsson were GSI employees who purchased the company in 1941. In November,
1945, Patrick Haggerty was hired as general manager of the Laboratory and
Manufacturing (L&M) division. By 1951, the L&M division, with its
defense contracts, was growing faster than GSI's Geophysical division. The
company was reorganized and initially renamed General Instruments Inc. Because
there already existed a firm named General Instrument, the company was renamed Texas
Instruments that same year. Geophysical Service Inc. became a subsidiary of
Texas Instruments which it remained until early 1988, when most of GSI was sold
to the Halliburton Company.
Net income $ 3.228 billion (2010)
Total asses $ 13.41 billion (2010)