Texas Instruments buys 200-acre site on U.S. 75 directly adjacent to Richardson's southern border for TI's future headquarters and campus. Collins Radio builds its first building of 123,000 square feet on a 400-acre campus site it had purchased near the NE corner of U.S. 75 and Arapaho Road. Jack Kilby, an engineer working at Texas Instruments' new campus facility invents the integrated circuit, spawning a new industry in microelectronics. With backing from TI's founders, the Graduate Research Center of the Southwest, a forerunner of the University of Texas at Dallas, is established in Richardson. As MCI grows, it attracts suppliers of telecommunications equipment to Richardson.
Divestiture increases business opportunities for telecommunications equipment suppliers.
The unprecedented Galatyn sm Park Urban Center development is announced. As a result, an estimated 3,900 jobs will be created and approximately 1,103,000 square feet of office and tech space will be absorbed.