Texas Instruments

The company’s direct antecedent was founded on May 16, 1930, by John Clarence Karcher and Eugene McDermott, and was incorporated as Geophysical Service Inc. (GSI) in 1938.⁠[1]

Geophysical Service was organized to provide oil exploration services using seismic reflection. In 1941 the GSI subsidiary was sold to Eugene McDermott and key employees J. Erik Jonsson, Cecil H. Green and H. Bates Peacock.⁠[2]

In the 1940s the company began applying signal processing technologies to submarine detection and then radar, and in 1946 it set up an electronics equipment laboratory and manufacturing unit.⁠[3]

In 1951 the company changed its name to Texas Instruments Incorporated, and in 1953 it obtained a listing on the New York Stock Exchange.⁠[2]

From 1954 to 1958 Texas Instruments was the only firm capable of producing silicon transistors in quantity. The Regency radio, designed by the company, was a best seller in the 1954 Christmas season.⁠[1]

In 1958 Jack Kilby joined Texas Instruments in Dallas.⁠[4]

On September 12, 1958, Kilby demonstrated the first working integrated circuit for his colleagues.⁠[5]

In the late 1960s Kilby led the company team that invented the hand-held calculator.⁠[4]

In 1972 the company entered the consumer electronics market by marketing a hand-held calculator.⁠[6]

In 1971 the company introduced the first single-chip microcontroller. The Speak & Spell, invented in 1978, contained the industry’s first chip with digital signal processing logic. In 1985 the company invented the DLP chip.⁠[3]

After chief executive Jerry Junkins died of a heart attack, Thomas Engibous took the top post in June 1996.⁠[6]

In January 1997 the company agreed to sell its defense electronics business to Raytheon.⁠[6]

On October 10, 2000, 42 years after demonstrating the first integrated circuit, Kilby shared the 2000 Nobel Prize in Physics for his part in the invention of the integrated circuit.⁠[5]

Rich Templeton joined the company in 1980 and became its CEO in May 2004.⁠[7]

On April 4, 2011, the company announced an all-cash agreement to acquire National Semiconductor, a leader in power management technology, for $25 per share, or about $6.5 billion. “This acquisition is about strength and growth,” said Templeton, then chairman, president and CEO.⁠[8]

The transaction closed on September 23, 2011. More than 5,000 National employees immediately joined the company, and the combined analog portfolio included nearly 45,000 products.⁠[9]

On December 15, 2011, the company announced that its stock would begin trading on Nasdaq on January 3, 2012, with its ticker symbol unchanged.⁠[10]

On January 18, 2018, the board appointed executive vice president and chief operating officer Brian Crutcher to succeed Templeton as president and CEO, effective June 1, 2018, with Templeton remaining chairman.⁠[11]

On July 17, 2018, the company announced that Crutcher had resigned as president, CEO and board member due to violations of its code of conduct, which related to personal behavior but not to company strategy, operations or financial reporting. The board named Templeton to reassume the roles of president and CEO in addition to chairman, an appointment it said was not temporary.⁠[12]

On January 19, 2023, the company announced that Haviv Ilan would become president and CEO effective April 1, while Templeton would remain chairman. Ilan, a 24-year veteran of the company, was promoted to senior vice president in 2014, became executive vice president and chief operating officer in 2020 and was elected to the board in 2021.⁠[13]

On December 20, 2024, the company announced an award agreement with the U.S. Department of Commerce for up to $1.6 billion in direct funding under the CHIPS and Science Act for its SM1 and SM2 fabs in Sherman, Texas, and LFAB2 in Lehi, Utah. The three new fabs were expected to create 2,000 company jobs.⁠[14]

On October 16, 2025, the board elected president and CEO Haviv Ilan as chairman, effective January 2026, as Templeton prepared to retire at the end of 2025 after a 45-year career at the company. “This is a well-planned transition,” said lead director Janet Clark.⁠[15]

At December 31, 2025, the company had about 33,000 employees. Revenue for 2025 was $17,682 million (2024: $15,641 million), and net income was $5,001 million.⁠[16]

On October 21, 2026, the company posted third-quarter 2026 revenue of $6.06 billion, up 11% sequentially and 28% from a year earlier, net income of $2.43 billion and earnings per share of $2.62. Ilan cited “continued broad growth in industrial, automotive and data center.”⁠[17]