Word: semiconductor
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Dates: during 1960-1969
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...improve profits of the S. & P. counseling oper-'ation was to spin it off as a separate firm under bolder management. He turned to Stein, then a partner at Oppenheimer & Co. Stein had earned a reputation as an analyst by his spotting of Syntex, Control Data and semiconductor stocks. Last year he earned more than $1,000,000. At InterCapital, Stein has three friends. The No. 2 man, Arthur Zeikel, 36, moved from Dreyfus Corp., where he was co-manager of the $2.7-billion Dreyfus Fund for the past four years. The two other partners in InterCapital, Charles...
...France excludes them, U.S. companies will plant branches in other Common Market countries and then export freely to France (TIME, April 1). The Gaullists also have come to believe -after years of chauvinistic doubt-that U.S. capital and technology can benefit French industry. When Motorola offered to develop a semiconductor industry and invest generously in research, Debre gave the company permission to build a multi-million-dollar plant in Toulouse. Now General Electric, ITT and the Dutch Philips are vying to take over a French electric-equipment manufacturer, and the U.S. firms appear to have the edge. Says Debre...
...over the Economics Ministry, the word was passed that France once again would welcome American investment. Thus Chicago-based Motorola has just won official permission to build a multimillion-dollar plant at Toulouse to make transistors, diodes and integrated circuits. International Telephone & Telegraph Corp. recently received approval for a semiconductor factory at Colmar, and the French subsidiary of Caterpillar got authority in mid-March to double the size of its Grenoble tractor factory. Though the French still consider some industries off limits for foreign capital-among them, defense, steel, chemicals and some types of electronics-the Ministry of Economics...
Fairchild Camera is a misnamed com pany whose eleven divisions concentrate on electronics and also turn out a range of products from heavy multiconductor cables to printing equipment. All the excitement is over one division, the Semiconductor branch. It put Fairchild on the ground floor in miniature silicon transistors, which are more effective than the original germanium variety; last year Fairchild had 30% of the booming U.S. market for silicon transistors. Fairchild's prize division also accounts for one-third of the market for integrated circuits, which are fleck-sized components that do the work of many transistors...
...Carter has diversified all through electronics, and has concentrated on the civilian market instead of defense business because he does not like the Pentagon's renegotiation of contracts. The best thing that happened to Carter was the arrival in 1957 of eight bright young scientists from the Shockley Semiconductor Laboratory, led by Dr. Robert Noyce, who walked in the door with the idea of making transistors of silicon. Fairchild gambled $7,000,000 on the idea and won. Noyce, now 38, is head of the Semiconductor Division, which contributes more than 50% of Fairchild's sales and probably...