In July 18, 1968, Gordon Moore and Robert Noyce teamed together to incorporate an electronics company called N M Electronics. By the end of the month of July the same year, Mr. Moore and Mr. Noyce changed the company name to Intel. The company pioneered many products in the electronics industry including the dynamic random access memory (DRAM) chip. Intel’s DRAM chips revolutionized the chip industry since they were cheaper, consumed less power, and were smaller. The success of the chips saw Intel grow faster and take the top dog’s position in the industry.
Intel floated its shares on NASDAQ in 1971, where it still trades with INTC as its symbol. Since its establishment, Intel has diversified its business from developing and selling chips to providing networking solutions as well as communication and data storage solutions. The company operates worldwide through several segments including Data Center Group, and Client Computing Group among others. Intel has its headquarters in Santa Clara, California, USA.