A US microelectronics manufacturer. They produced the Intel 4004, Intel 8080, Intel 8086, Intel 80186, Intel 80286, Intel 80386, Intel 486 and Pentium microprocessor families as well as many other integrated circuits and personal computer networking and communications products.
Gordon Moore and Robert Noyce founded Intel in 1968 to design, manufacture, and market semiconductor computer memory to replace magnetic core memory, the dominant computer memory at that time. Dr. Andrew S. Grove joined Intel soon after its incorporation. Three years later, in 1971, Intel introduced the world's first microprocessor, the Intel 4004.
Intel has design, development, production, and administration facilities throughout the western US, Europe and Asia. In 1995 nearly 75% of the world's personal computers use Intel architecture. Annual revenues are rapidly approaching $10 billion. In March, 1994, "Business Week" named Intel one of the top ten American companies in terms of profit, one of the top 15 market value winners, and 16th out of the magazine's top 1,000 companies overall.
Intel invested a record $2.9 billion in capital and R&D in 1993, and expects to increase combined spending on these activities to $3.5 billion in 1994. Quarterly sales were $2770M and profits, $640M in Aug 1994.