Frequency Modulation synthesis: a carrier frequency is modulated by a modulator. The modulation index controls timbre richness. Used in Yamaha DX7 and countless classic sounds.
FM synthesis was discovered by John Chowning at Stanford in 1967. A single carrier+modulator pair produces sidebands at fC±n·fM. The amplitude of each sideband is proportional to J_n(β), the nth-order Bessel function of the first kind at β.