Texas Instruments Incorporated (TI) is an American technology company headquartered in Dallas, Texas, that designs and manufactures semiconductors and various integrated circuits, which it sells to electronics designers and manufacturers globally. It is one of the top 10 semiconductor companies worldwide based on sales volume. The company's focus is on developing analog chips and embedded processors, which account for more than 80% of its revenue. TI also produces TI digital light processing technology and education technology products including calculators, microcontrollers, and multi-core processors. The company holds 45,000 patents worldwide as of 2016. Texas Instruments emerged in 1951 after a reorganization of Geophysical Service Incorporated, a company founded in 1930 that manufactured equipment for use in the seismic industry, as well as defense electronics. TI produced the world's first commercial silicon transistor in 1954, and the same year designed and manufactured the first transistor radio. Jack Kilby invented the integrated circuit in 1958 while working at TI's Central Research Labs. TI also invented the hand-held calculator in 1967, and introduced the first single-chip microcontroller in 1970, which combined all the elements of computing onto one piece of silicon. In 1987, TI invented the digital light processing device (also known as the DLP chip), which serves as the foundation for the company's DLP technology and DLP Cinema. TI released the popular TI-81 calculator in 1990, which made it a leader in the graphing calculator industry. Its defense business was sold to Raytheon Company in 1997; this allowed TI to strengthen its focus on digital solutions. After the acquisition of National Semiconductor in 2011, the company had a combined portfolio of 45,000 analog products and customer design tools. In the stock market, Texas Instruments is often regarded as an indicator for the semiconductor and electronics industry as a whole, since the company sells to more than 100,000 customers. History 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 Inc. (GSI) 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, which focused on electronic equipment. 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.