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……nuts to me. Totally. …even back in the 60s, a couple million back then was a lot more in today's dollars, but you had to do all this really hard stuff. Don’s starts doing this, fast forward to 1967 and there's another company in the valley that had been around for a long time, it was kind of foundering, called National Semiconductor. National makes a big play. They’re already are a public company, I believe, they poached a number of people from Fairchild including Charles Sprock, who becomes the CEO of National and Pierre Lamond, a name that's going to come up again, from Fairchild, who becomes the chief designer and head of engineering there. Charlie Sprock, as CEO, he does a couple really interesting things. First is, everybody in Silicon Valley at this point, remember it’s called Silicon Valley because they're making silicon chips. They're making the chips, they're in northern California, Fairchild’s producing them there, all these companies that Don’s investing in, they're doing manufacturing right there. Charlie at National, he offshores chip production to Asia. He reasons that, “Hey, the intellectual property that we're building here, we can just do all the design and building here, and we'll just outsource the actual production of these tips of the silicon as a commodity.” That creates a huge price war in the industry and massively lowers the cost of silicon which then ends up enabling all the things that come shortly thereafter, including the PC. We should also say the incredible growth in demand for silicon is Fairchild's fault because Fairchild was the one who pioneered the idea that silicon was actually the most effective material to use for semiconductors, that wasn't the case before.…

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