Peter Weyland, after experimenting privately for years, realizes that he will need additional support if he is to advance science further than its current state. To achieve this support, Weyland founds the company that will bear his name: Weyland Corporation, in San Francisco, California.
Often shortened to Weyland Corp, sometimes referred to simply as "The Company", Weyland Corporation is specifically founded to research advanced technologies such as holographics, off-world colonization, FTL travel, cybernetics, transportation, and healthcare.
The Yutani Corporation manages to compete evenly with the upstart Weyland Corporation for its first six months. However, quickly Yutani fell behind Weyland, especially in artificial intelligence, and would resort to industrial espionage, among other methods such as corporate mergers, to catch up with them.