Complex sentence: In 1957, its 8 leading scientists left and formed Fairchild Semiconductor, from which it never recovered, was purchased by Clevite in 1960, and officially closed shortly after being sold to ITT in 1968.
Split into simpler sentences: In 1957, its 8 leading scientists left and formed Fairchild Semiconductor, a loss from which it never recovered. It was purchased by Clevite in 1960, and officially closed shortly after being sold to ITT in 1968.