company created by [William Shockley], inventor of the transistor

parent of Fairchild Semiconductor, grandparent of InTel

I believe the story is that William Shockley's mother happened to live in [Palo Alto] (Silicon Valley), so when he left [AT]&T it was the first place he wanted to go.

funded by [Beckman Instruments] after convincing Arnold O. Beckman that a substantial technological and economic opportunity lay in silicon semiconductor electronics. The Palo Alto-based firm met the same fate as many high-technology start-ups that followed: early years of R&D struggle, limited commercial success, and gradual disappearance as a recognizable entity after a series of acquisitions. In the late 1950s the company introduced a line of four-layer silicon diodes to the market; in 1961 Beckman sold the operation to the Clevite Corporation; in 1965 Clevite sold its semiconductor operations to [ITT]; and by the end of the 1960s the Shockley Semiconductor facility was shuttered.

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