Intel Corporation was established by Gordon Moore and Robert Noyce on 1968. Both founders originally wanted to name the company “Moore Noyce” to associate their names with the company’s name. However, the two founders eventually decided against the said name since the corporate name of “Moore Noyce” sounds like “more noise”.
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During the first year of the company’s inception, the company called itself NM Electronics which was later changed to Integrated Electronics. The founders again decided to finally change the company’s name to Intel.
Intel first entered the computer industry when it engaged in the production of random access memory (RAM) ICs which were later shifted to register memories. The company rapidly grew such that by the 1970s they were already producing static random access memory (SRAM), random access memory (RAM), and dynamic random access memory (DRAM).
Soon, engineers from Intel, namely, Stanley Mazor, Masatoshi Shima, Marcian Hoff, and Federico Faggin, invented the first microprocessor. With this development, the company shifted to the business of microprocessors from memory chips during the 80s period.
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The company introduced 1971 the Intel 4004, a 4-bit central processing unit, and Intel’s foremost microprocessor. A year later, the first microcomputers were launched to the computer market.
During the early part of the 1980s, the most notable and popular product of Intel is the dynamic access memory chips (DRAM). However, the growing hardware industry as well as the competition faced by the company against IBM and some Japanese firms forced Intel to shift its operations to the manufacturing of microprocessors. This change proved to be the correct position for Intel as the company became one of the major suppliers of hardware for the PC industry in the latter part of the 1990s.
It was also in the 1990s that Intel began its “Intel Inside” marketing strategy after more motherboards were also beginning to patronize Intel’s microprocessors.
However, by the turn of the century, the company experienced a general economic slowdown when the demand for high-end microprocessors declined. The company’s CEO Craig Barret attempted to shift the company’s line of business to help Intel regain its position in the industry. Another attempt by the new CEO, Paul Otellini, to diversify the company’s operation however proved unsuccessful. As a result, Intel had to shut down its research laboratory located at Cambridge University.
In June of 2006, the company sold the assets of its XScale microprocessor to Marvell Technology Group for US$600 million. The buyer is a manufacturer of storage devices and semiconductors.
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