Claim: Transitron Electronic Corporation  was established at the time of the economic boom in Massachusetts, it employed 1,600 people but lagged behind General Electric which was founded in 1892.
Evidence: The company was established at the time of the economic boom in Massachusetts. At its heyday Transitron employed 1,600 people. In 1959 Time Magazine reported it was number 3 American semiconductor company, after Texas Instruments and General Electric, while Fortune Magazine placed it at number 2, with estimated 1959 sales of $40 million. April 15, 1892; 128 years ago (1892-04-15), in Schenectady, New York