Teradyne, Inc. is established.

Founded by former Massachusetts Institute of Technology classmates Alex d’Arbeloff and Nick DeWolf, it is located initially above a Joe and Nemo’s at the corner of Summer Street and Kingston Street near today’s 79 Summer Street. Originally an electronics company, it subsequently becomes a manufacturer of automating equipment and machinery. The company moves to Lincoln Street in the 1970s, to a new building on Washington Street in 1985.* It moves to North Reading in 2007.