Intel was founded by Robert Noyce and Gordon Moore on July 18, 1968 in Mountain View, California. Intel was founded by the name of  Integrated Electronics Corporation. Intel is the abbreviation Integrated Electronics.

Gordon Moore was born in San Francisco, California. He received a B.S. degree in Chemistry from the University of California, Berkeley in 1950 and a PhD in Chemistry and minor in Physics from the California Institute of Technology (Caltech) in 1954.He is the author of famous Moore’s Law (A rule for elctronics and transistors – The number of transistors that can be placed inexpensively on an integrated circuit doubles approximately every two years.)

Robert Noyce was born on December 12, 1927 Burlington, Iowa.He graduated with a BA in physics and mathematics from Grinnell College in 1949.He received his Ph.D. in physics from Massachusetts Institute of Technology in 1953. He studied the first transistors, developed at Bell Laboratories, in a Grinnell College classroom.

Moore and Noyce initially wanted to name the company “Moore Noyce” (however, was a homophone for “more noise). Instead they used the name NM Electronics for almost a year, before deciding to call their company Integrated Electronics or “Intel” for short.Since “Intel” was already trademarked by the hotel chain Intelco, they had to buy the rights for the name.

Today Intel is the leading company in microporcessors and semiconductor electronics.