Part 2/5:
Sherman Fairchild was not only a prosperous entrepreneur but also an astute investor who recognized the potential nestled within the innovative ideas proposed by Noyce and his colleagues. His willingness to invest was crucial; he saw the high-tech future that they envisioned and had the means to contribute significantly towards that goal. With Fairchild's backing, Fairchild Camera and Instrument agreed to invest a generous sum of $1.5 million, allowing the Traitorous Eight to take the bold step of founding Fairchild Semiconductor.