Fairchild Semiconductor was founded in 1957 by a group originating from Shockley Semiconductor Laboratory, the first organization attempting to exploit silicon transistor technology in the region at the base of the San Francisco peninsula now often referred to as "Silicon Valley". Fairchild produced the first commercial silicon mesa transistors and invented the "planar" process that formed the basis of practical integrated circuits. Several of the key directions in silicon device technology originated at Fairchild Semiconductor Corporation and its successor organization, the Semiconductor Division of Fairchild Camera and Instrument Corporation. This paper describes the author's recollections of some of the related events.

The future of integrated electronics is the future of electronics itself. The advantages of integration will bring about a proliferation of electronics, pushing this science into many new areas. Integrated circuits will lead to such wonders as home computers—or at least terminals connected to a central computer—automatic controls for automobiles, and personal portable communications equipment. The electronic wristwatch needs only a display to be feasible today. But the biggest potential lies in the production of large systems. In telephone communications, integrated circuits in digital filters will separate channels on multiplex equipment. Integrated circuits will also switch telephone circuits and perform data processing. Computers will be more powerful, and will be organized in completely different ways. For example, memories built of integrated electronics may be distributed throughout the machine instead of being concentrated in a central unit. In addition, the improved reliability made possible by integrated circuits will allow the construction of larger processing units. Machines similar to those in existence today will be built at lower costs and with faster turnaround.