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In November, 1971, a company called “Intel” publicly introduced the world's first single chip
microprocessor, the Intel 4004 (U.S. Patent #3,821,715), invented by Intel engineers Federico
Faggin, Ted Hoff, and Stan Mazor. After the invention of integrated circuits revolutionized
computer design, the only place to go was down -- in size that is. The Intel 4004 chip took the
integrated circuit down one step further by placing all the parts that made a computer think (i.e.
central processing unit, memory, input and output controls) on one small chip. Programming
intelligence into inanimate objects had now become possible.
In 1968, Robert (Bob) Noyce, Andy Groves and Gordon Moore were three unhappy engineers
working for the “Fairchild Semiconductor Company” who decided to quit and create their own
company at a time when many Fairchild employees were leaving to create start-ups. People like
Noyce and Moore were nicknamed the "Fairchildren".
Bob Noyce typed himself a one page idea of what he wanted to do with his new company, and that
was enough to convince San Francisco venture capitalist Art Rock to back Noyce's and Moore's
new venture. Rock raised $2.5 million dollars in less than 2 days.
Intel Trademark
The name "Moore Noyce" was already trademarked by a hotel chain, so the two founders decided
upon the name "Intel" for their new company, a shortened version of "Integrated Electronics".
Intel's first money making product was the 3101 Schottky bipolar 64-bit static random access
memory (SRAM) chip.