In 1957, its 8 leading scientists left and formed Fairchild Semiconductor, from which it never recovered, was purchased by Clevite in 1960, and officially closed shortly after being sold to ITT in 1968.
Its 8 leading scientists left and formed Fairchild Semiconductor was purchased by Clevite in 1960. This was in 1957. Its 8 leading scientists left and formed Fairchild Semiconductor was closed shortly after being sold to ITT in 1968. This was in 1957. It never recovered from Fairchild Semiconductor.