Intel Corporation

Thomas Rozario

ACCTG 220

Dr. Mereba

SEC Project – Written Assignment

Date: 12/08/2014

Intel Corporation

Intel began in July18, 1968 and is 46 years old. It was founded by Gordon E. Moore who is also a physicist and chemist. He was accompanied by Robert Noyce, also a fellow physicist and co-creator of integrated circuitry, after they both had left Fairchild Semiconductor. When the firm was founded, Gordon Moore and Robert Noyce had the idea to name their company Moore Noyce. However when the name is spoken it is heard as “More Noise” This idea was quickly abandoned and the pursuit of a more suitable name – one which was not associated with a bad interface. The name NM Electronics was shortly thereafter chosen and used for nearly a year, when the company experienced a name change to Integrated Electronics, or INTEL for short. The rights to the name however had to be purchased as it was already in use by a fairly well known hotel chain called Intelco. Intel was incorporated in California in 1968 and reincorporated in Delaware in 1989.

Intel’s original business plan was written by Moore and consists of three very vague paragraphs. Though short, the paragraphs were enough to secure funding as venture capitalist Author Rock contributed $10,000 and raised the $2.5 million to get the company started. Rock became Intel’s first chairman. Andy Grove, a vital member of the young company’s team, joined Intel as its first hire soon after the founding. With Grove on board, Intel released its first product in 1969, the 3101 Schottky bipolar RAM and launches MOS static RAM.A $6.8 million IPO moved the company along in 1971, with Intel public at $23.50 a share.

Intel became a household name with its 1991 "Intel Inside" ad campaign, which involved...