Intel Corporation formed #history

Excerpt from The PC Pioneers

On this day in 1968 Intel, the microprocessor innovator, was incorporated.

When Robert Norton Noyce and Gordon E Moore, plus six colleagues, left Shockley they went on to create the second electronic stepping stone – the integrated circuit. In 1957 it was Sherman Fairchild, yes, the same Fairchild significant in the aircraft business, who would fund this team of eight with its $1.3m start-up requirement – and Fairchild Semiconductor was born.

But when Fairchild looked to appoint a new CEO without considering Noyce for the role, he and Moore decided that they should leave.Intel_logoIn July 1968 they rapidly raised $2.5m based upon just a single-page business plan document; well, their track record did speak for itself.  They co-founded NM Electronics (for Noyce and Moore) but a year later it was renamed Intel Corporation, a name derived from Integrated Electronics.

Intel_8008It was Intel that brought about the development of the single-chip microprocessor.  

Read more…

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