▁Electron ics ▁Show ▁( CES ), ▁consum ers ▁did ▁not ▁adopt ▁it ▁as ▁readily ▁as ▁hoped . ▁ ▁The ▁company ▁halt ed ▁manufact uring ▁in ▁the ▁spring ▁of ▁ 1 9 7 9 ▁and ▁was ▁fol ded ▁into ▁the ▁structure ▁of ▁its ▁largest ▁financial ▁back er , ▁the ▁Cha ▁Group . ▁ ▁History ▁Um tech ▁was ▁founded ▁in ▁ 1 9 7 6 ▁by ▁Dr . ▁Albert ▁Yu , ▁an ▁integrated ▁circuit ▁engineering ▁manager ▁at ▁Intel ▁who ▁became ▁Um tech ’ s ▁President , ▁and ▁Dr . ▁David ▁Ch ung ▁who ▁led ▁development ▁of ▁the ▁F 8 ▁processor ▁for ▁Fair child ▁Sem icon duct or . ▁ ▁It ▁was ▁based ▁in ▁Sun ny v ale , ▁California . The ▁company ▁was ▁back ed ▁finan cially ▁by ▁Dr . ▁Yu ’ s ▁father - in - law , ▁Cha ▁Chi ▁M ing , ▁the ▁principal ▁of ▁the ▁Cha ▁Group ▁head qu arter ed ▁in ▁Hong ▁Kong . ▁ ▁Some ▁employees ▁of ▁the ▁company ▁later ▁became ▁minor ▁share hold ers ▁through ▁the ▁exercise ▁of ▁employee ▁stock ▁options . ▁ ▁The ▁company ▁created ▁the ▁name ▁Video Brain ▁for ▁the ▁computer ▁it ▁developed ▁and ▁then ▁used ▁the ▁name ▁Video Brain ▁Computer ▁Company ▁in ▁market ing . ▁ ▁Technology ▁ ▁Integr ated ▁circ uits ▁The ▁company ▁developed ▁two ▁ch ips ▁to ▁facil itate ▁displaying ▁the ▁computer ’ s ▁output ▁on ▁a ▁standard ▁color ▁television ▁set . ▁ ▁The ▁U M 1 ▁chip ▁controlled ▁six teen ▁rect angular ▁objects ▁on ▁the ▁screen ▁that ▁could ▁be ▁manip ulated ▁in ▁size