Template:Short description {{#invoke:Infobox|infobox}}Template:Template otherTemplate:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }} Bipolar Integrated Technology, Inc. (BIT), later Bit, Inc., was a privately held<ref>Template:Cite journal</ref> semiconductor company based in Beaverton, Oregon, which sold products implemented with emitter-coupled logic technology. The company was founded in 1983 by former Floating Point Systems, Intel, and Tektronix engineers.<ref name=acquired /><ref>Template:Cite journal</ref><ref>Template:Cite journal</ref><ref>Template:Cite journal</ref> The company, which occupied a 46,000-square-foot manufacturing facility at the Oregon Graduate Center,<ref>Template:Cite journal</ref> raised $36 million in start-up capital within three years of its foundation.<ref>Template:Cite journal</ref>
The initial product was a floating-point co-processor chipset. Later, the company produced the B5000 SPARC ECL microprocessor (never reached production in a Sun Microsystems product, though used by Floating Point Systems).<ref>Template:Cite book</ref> They also produced the R6000 MIPS ECL microprocessor, which did reach production as a MIPS minicomputer.<ref>Template:Cite book</ref> Initial yields of the R6000 were very poor, leading to parts shortages for MIPS Computer Systems; the latter company attributed their first quarterly loss in October 1990 to BIT.<ref>Template:Cite journal</ref> The two signed an agreement in June 1991 to allow BIT to market the R6000 on the open market, dissolving the previous exclusivity agreement with MIPS.<ref name=agreement>Template:Cite journal</ref>
Under its new president Fred Hanson, BIT had its first profitable year in 1991,<ref name=agreement /> reaching peak revenues of $20 million. Revenues dropped the following year to about $10 million, however, after it had lost four of its largest customers, including MIPS, Floating Point, and Control Data.<ref>Template:Cite journal</ref> The company eventually entered the telecommunications market with Asynchronous Transfer Mode (ATM) devices and Ethernet switches. The company was acquired by PMC-Sierra in September 1996 for these later communications products.<ref name=acquired>Template:Cite journal</ref><ref>Template:Cite journal</ref>