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ventor s hall of fame 26 kilby also won the 2000 nobel prize in physics for his part of the invention of the integrated circuit 27 noyce s chip made at fairchild was made of silicon while kilby s chip was made of germanium in 2008 ti named its new development laboratory kilby labs after jack kilby 28 standard ttl edit texas instruments and other brands of 7400 series ttl and cmos logic texas instruments speak spell using a tmc0280 speech synthesizer ti 30 electronic calculator 1976 the 7400 series of transistor transistor logic chips developed by texas instruments in the 1960s popularized the use of integrated circuits in computer logic the military grade version of this was the 5400 series 29 microprocessor edit texas instruments invented the hand held calculator a prototype called cal tech in 1967 and the single chip microcomputer in 1971 was assigned the first patent on a single chip microprocessor invented by gary boone on september 4 1973 30 this was disputed by gilbert hyatt formerly of the micro computer company in august 1990 when he was awarded a patent superseding ti s this was overturned on june 19 1996 in favor of ti 31 note intel is usually given credit with texas instruments for the almost simultaneous invention of the microprocessor first speech synthesis chip edit in 1978 texas instruments introduced the first single chip linear predictive coding speech synthesizer 32 in 1976 ti began a feasibility study of memory intensive applications for bubble memory then being developed they soon focused on speech applications this resulted in the development of the tmc0280 one chip linear predictive coding speech synthesizer which was the first time a single silicon chip had electronically replicated the human voice 33 34 this was used in several ti commercial products beginning with speak spell which was introduced at the summer consumer electronics show in june 1978 in 2001 ti left the speech synthesis business selling it to sensory inc of santa clara california 35 consumer electronics and computers edit in may 1954 texas instruments designed and built a prototype of the world s first transistor radio and through a partnership with industrial development engineering associates of indianapolis indiana the 100 solid state radio was sold to the public beginning in october of that year 36 in the 1960s company president pat haggerty had a team that included jack kilby to work on a handheld calculator project kilby and two other colleagues created the cal tech a three pound battery powered calculator that could do basic math and fit six digit numbers on its display this 4 25 x 6 15 x 1 75 inch calculator s processor would originate the vast majority of texas instruments revenue 17 in 1973 the handheld calculator sr 10 named after slide rule and in 1974 the handheld scientific calculator sr 50 were issued by ti both had red led segments numeric displays the optical design of the sr 50 is somewhat similar to the hp 35 edited by hewlett packard before in early 1972 but buttons for the operations are in the right of the number block and the decimal point lies between two neighboring digits ti remained active in the consumer electronics market throughout the 1970s and 1980s early on this also included two digital clock models one for desk and the other a bedside alarm from this sprang what became the time products division which made led watches though these led watches enjoyed early commercial success due to excellent quality it was short lived due to poor battery life leds were replaced with lcd watches for a short time but these could not compete due to styling issues excessive model variety and price points the watches were manufactured in dallas and then lubbock texas several spin offs of the speak spell such as the speak read and speak math were introduced soon thereafter 37 in 1979 ti entered the home computer market with the ti 99 4 a competitor to computers such as the apple ii trs 80 and the later atari 400 800 and vic 20 by late 1982 ti was dominating the u s home computer market shipping 5 000 computers a day from its factory in lubbock 38 it discontinued the ti 99 4a 1981 the sequel to the 99 4 in late 1983 amid an intense price war waged primarily against commodore at the 1983 winter ces ti showed models 99 2 and the compact computer 40 the latter aimed at professional users the ti professional 1983 ultimately joined the ranks of the many unsuccessful ms dos and x86 based but non compatible 39 competitors to the ibm pc the founders of compaq an early leader in pc compatibles all came from ti the company for years successfully made and sold pc compatible laptops before withdrawing from the market and selling its product line to acer in 1997 40 defense electronics edit ti operated this convair 240 on experimental work in the 1980s fitted with a modified extended nose section ti entered the defense electronics market in 1942 with submarine detection equipment 41 based on the seismic exploration technology previously developed for the oil industry the division responsible for these products was known at different times as the laboratory manufacturing division the apparatus division the equipment group and the defense systems electronics group dseg during the early 1980s ti instituted a quality program which included juran training as well as promoting statistical process control taguchi methods and design for six sigma in the late 1980s the company along with eastman kodak and allied signal began involvement with motorola institutionalizing motorola s six sigma methodology 42 motorola which originally developed the six sigma methodology began this work in 1982 in 1992 the dseg division 43 of texas instruments quality improvement efforts were rewarded by winning the malcolm baldrige national quality award for manufacturing infrared and radar systems edit ti developed the aaa 4 infrared search and track device in the late 1950s and early 1960s for the f 4b phantom 44 for passive scanning of jet engine emissions but it possessed limited capabilities and was eliminated on f 4ds and later models 45 in 1956 ti began research on infrared technology that led to several line scanner contracts with the addition of a second scan mirror to the invention of the first forward looking infrared flir in 1963 with production beginning in 1966 in 1972 ti invented the common module flir 46 concept greatly reducing cost and allowing reuse of common components ti went on to produce side looking radar systems the first terrain following radar and surveillance radar systems for both the military and the faa ti demonstrated the first solid state radar called molecular electronics for radar applications mera 47 in 1976 ti developed a microwave landing system prototype in 1984 ti developed the first inverse synthetic aperture radar the first single chip gallium arsenide radar module was developed in 1991 the military microwave integrated circuit 48 program was initiated as a joint effort with raytheon 49 missiles and laser guided bombs edit in 1961 ti won the guidance and control system contract for the defense suppression agm 45 shrike anti radiation missile this led later to the prime on the high speed antiradiation missile agm 88 harm development contract in 1974 and production in 1981 50 in 1964 ti began developing the first laser guidance system for precision guided munitions leading to the paveway series of laser guided bombs lgbs the first lgb was the bolt 117 51 in 1969 ti won the harpoon missile seeker contract in 1986 ti won the army fgm 148 javelin fire and forget man portable antitank guided missile in a joint venture with martin marietta in 1991 ti was awarded the contract for the agm 154 joint standoff weapon 52 in 1988 ti paid the u s government 5 2 million to settle allegations one of its divisions overcharged the government on contracts for guided missiles sold to the navy 53 military computers edit see also military computer ti s research and development of military temperature range silicon transistors and integrated circuits ics led to ti winning contracts for the first ic based computer for the u s air force in 1961 the so called molecular electronic computer 54 and for ics for the minuteman missile the following year in 1968 ti developed the data systems for the mariner program in 1991 ti won the f 22 radar and computer development contract divestiture to raytheon edit as the defense industry consolidated ti sold its defense business to the raytheon company in 1997 for 2 95 billion 55 the department of justice required that raytheon divest the ti monolithic microwave integrated circuit mmic operations after closing the transaction 56 the ti mmic business accounted for less than 40 million in 1996 revenues or roughly 2 of the 1 8 billion in total ti defense revenues and was sold to triquint semiconductor inc raytheon retained its own existing mmic capabilities and has the right to license ti s mmic technology for use in future product applications from triquint 57 shortly after raytheon acquired ti dseg raytheon then acquired hughes aircraft from general motors raytheon then owned ti s mercury cadmium telluride detector business and infrared ir systems group in california it also had hughes infrared detectors and an ir systems business when the us government again forced raytheon to divest a duplicate capability the company kept the ti ir systems business and the hughes detector business as a result of these acquisitions these former arch rivals of ti systems and hughes detectors work together 58 immediately after acquisition dseg was known as raytheon ti systems rtis 59 it is now fully integrated into raytheon and this designation no longer exists artificial intelligence edit ti was active in the area of artificial intelligence in the 1980s in addition to ongoing developments in speech and signal processing and recognition it developed and sold the explorer computer family of lisp machines for the explorer a special 32 bit lisp microprocessor was developed which was used in the explorer ii and the ti microexplorer a lisp machine on a nubus board for the apple macintosh ai application software developed by ti for the explorer included the gate assignment system for northwest airlines and united airlines described as an artificial intelligence program that captures the combined experience and knowledge of a half dozen united operations experts 60 in software for the pc it introduced personal consultant a rule based expert system development tool and runtime engine followed by personal consultant plus written in the lisp like language from mit known as scheme and the natural language menu system nlmenu 61 sensors and controls edit ti was a major original equipment manufacturer of sensor control protection and rfid products for the automotive appliance aircraft and other industries the sensors controls division was headquartered in attleboro massachusetts by the mid 1980s industrial computers known as plc s programmable logic controllers were separated from sensors controls as the industrial systems division which was sold in the early 1990s to siemens in 2006 bain capital llc a private equity firm purchased the sensors controls division for 3 0 billion in cash 62 the rfid portion of the division remained part of ti transferring to the application specific products business unit of the semiconductor division with the newly formed independent company based in attleboro taking the name sensata technologies 63 software edit in 1997 ti sold its software division along with its main products such as the ca gen to sterling software which is now part of computer associates however ti still owns small pieces of software such as the software for calculators such as the ti interactive 64 ti also creates a significant amount of target software for its digital signal processors along with host based tools for creating dsp applications 65 finances edit for the fiscal year 2017 texas instruments reported earnings of 3 682 billion with an annual revenue of 14 961 billion an increase of 11 9 over the previous fiscal cycle ti shares traded at over 82 per share and its market capitalization was valued at over 88 0 billion in october 2018 66 as of 2018 ti ranked 192nd on the fortune 500 list of the largest united states corporations by revenue 67 year revenue in million us net income in million us total assets in million us price per share in us employees 2005 12 335 2 324 15 063 21 97 2006 14 255 4 341 13 930 23 98 2007 13 835 2 657 12 667 26 01 30 175 2008 12 501 1 920 11 923 19 85 29 537 2009 10 427 1 456 12 119 16 66 26 584 2010 13 966 3 184 13 401 21 60 28 412 2011 13 735 2 201 20 497 26 37 34 759 2012 12 825 1 728 20 021 25 57 34 151 2013 12 205 2 125 18 938 32 90 32 209 2014 13 045 2 777 17 372 42 61 31 003 2015 13 000 2 986 16 230 49 79 29 977 2016 13 370 3 595 16 431 59 83 29 865 2017 14 961 3 682 17 642 82 03 29 714 2018 15 784 5 580 17 137 90 46 29 888 2019 14 383 5 017 18 018 123 32 29 768 2020 14 461 5 595 19 351 162 70 30 000 2021 18 344 7 769 24 676 189 41 31 000 2022 20 028 8 749 27 207 165 22 33 000 2023 17 519 6 510 32 348 34 000 divisions edit as of 2016 ti is made up of four divisions analog products embedded processors digital light processing and educational technology failed verification 68 as of january 2021 the industrial market accounts for 41 percent of ti s annual revenue and the automotive market accounts for 21 percent 69 other businesses edit ti s remaining businesses consisting of dlp products primarily used in projectors to create high definition images calculators and certain custom semiconductors known as application specific integrated circuits dlp products edit texas instruments dlp cinema prototype projector mark v 2000 texas instruments sells dlp technology for tvs video projectors and digital cinema on february 2 2000 philippe binant technical manager of digital cinema project at gaumont in france realized the first digital cinema projection in europe with the dlp cinema technology developed by ti dlp technology enables a diverse range of display and advanced light control applications spanning industrial enterprise automotive and consumer market segments citation needed custom application specific integrated circuits asics the asics business develops more complex integrated circuit solutions for clients on a custom basis dlp cinema a texas instruments technology educational technology edit ti has produced educational toys for children including the little professor in 1976 and dataman in 1977 70 71 ti produces a range of calculators with the ti 30 being one of the most popular early calculators ti has also developed a line of graphing calculators the first being the ti 81 and most popular being the ti 83 plus with the ti 84 plus being an updated equivalent many ti calculators are still sold without graphing capabilities 72 the ti 30 has been replaced by the ti 30x iis also some financial calc...