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 Mostek logo from the late 1970s until its acquisition by United Technologies | |
| Industry | Semiconductors |
|---|---|
| Founded | 1969 in Worcester, Massachusetts |
| Founder |
|
| Defunct | 1985 |
| Fate | Merged into STMicroelectronics |
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.[1]
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.
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Sanger, David E. (3 August 1985). "Japan chip 'dumping' is found". New York Times.
Woutat., Donald (4 November 1985). "6 Japan Chip Makers Cited for Dumping". Los Angeles Times.
"More Japan Firms Accused: U.S. Contends 5 Companies Dumped Chips". Los Angeles Times. 1986.