Noyce was the coinventor in 1959 of the silicon integrated circuit when he was general manager of Fairchild Semiconductor. Moore was the head of research and development at Fairchild Semiconductor. The two men incorporated a venture that would later be called Intel.
Noyes and Moore started their company to create more affordable, practical semiconductor products. With the help of a venture capitalist, the new company raised $2.5 million over two days. Almost immediately, Andy Grove joined them, and the three men together formed the leadership of the company
In 1970, the company released the 1103 dynamic random-access memory (DRAM), which established semiconductors as the new industry standard for memory, broke ground on its first company-owned facility and embraced a bold new slogan that emphasized its commitment to making the theoretical possible: "Intel Delivers."
During the 1990s, the company expanded into creating motherboards that included chips and graphics cards. The company was known for aggressive and anti-competitive tactics in defense of its market position, particularly against AMD, as well as a struggle with Microsoft for control over the direction of the PC industry.
In recent years, Intel has invested heavily in the world of artificial intelligence, including the December 2019 acquisition of A.I. chipmaker Habana Labs for $2 billion.
History of Intel company
