By late 1967, Fairchild Semiconductor had become a shadow of its former self, facing severe budget cuts and the loss of key personnel. These challenges triggered an exodus of talented engineers and executives, ultimately resulting in the formation of over fifty new technology companies. However, none of these spin-offs achieved success as rapidly or significantly as Intel Corporation.

The ease with which Intel was brought into existence was in large part due to the stature of Robert Noyce and Gordon Moore. Noyce, widely credited as the co-inventor of the integrated circuit alongside Jack Kilby of Texas Instruments, was already an esteemed figure in the semiconductor industry. Moore, also a co-founder of Fairchild Semiconductor, was recognized for formulating Moore’s Law, accurately predicting the exponential growth of transistor density on integrated circuits.

Initially, the new venture was named “Moore Noyce Electronics” when the founders filed the company’s incorporation documents. However, they soon reconsidered and selected the name “Intel,” short for “Integrated Electronics.”

Interestingly, to secure this name, they had to purchase rights from a motel chain operating under the same title in the American Midwest. Thus, the stage was set for Intel’s ascent as a global leader in semiconductor innovation.

Continue reading the History of the Microprocessor and the Personal Computer.