Mostek

Mostek Corporation was a semiconductor integrated circuit manufacturer, founded in 1969 by L. J. Sevin, Louay E. Sharif, Richard L. Petritz and other ex-employees of Texas Instruments. At its peak in the late 1970s, Mostek held an 85% market share of the dynamic random-access memory (DRAM) memory chip market worldwide, until being eclipsed by lower-priced Japanese DRAM manufacturers who were accused of dumping memory on the market.

In 1979, soon after its market peak, Mostek was purchased by United Technologies Corporation for US$345M. In 1985, after several years of red ink and declining market share, UTC closed Mostek completely and sold it for US$71M to the French electronics firm Thomson-CSF, which later spun it off into STMicroelectronics.