Eight employees, Sheldon Roberts, Eugene Kleiner, Victor Grinich, Jay Last, Julius Blank, Jean Hoerni, Robert Noyce, and Gordon Moore started working for Shockley Semiconductor Labs started by William Shockley – The Godfather of the Transistor.
Soon the eight realized that Shockley had an authoritarian style of management and the eight reached out to Arnold Beckman and requested a new management. But due to lack of fulfillment of the desired proposal the eight decided to resign. They reached out to Arthur Rock for a company who would hire the eight of them together. Arthur suggested them to start on their own company and requested Sherman Fairchild a wealthy entrepreneur to invest in the newly founded startup by the eight engineers.
Fairchild Semiconductor was soon established in Mountain View. Soon the company grew from twelve employees to twelve thousand employees and had a valuation of 130 million dollars of annual revenue.
After Fairchild passed over Noyce for CEO promotion, Noyce and Moore decided to leave and reached to Arthur Rock again. Rock helped them raise 2.5 million dollars for their new company soon to be established, Intel Corporation.
Most well known companies today like CISCO, INTEL, ORACLE, AMD, NVDIA and many more, was born out of the Traitorous 8 and the humble beginnings laid by Shockley Semiconductors and Fairchild Semiconductors.
Reference
https://investingcaffeine.com/2016/03/13/the-traitorous-8-and-birth-of-silicon-valley/
https://www.pbs.org/transistor/album1/eight/index.html
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