Intel was founded in July 1968 by American engineers Robert Noyce and Gordon Moore. Both founders had already built strong reputations at Fairchild Semiconductor: Noyce had coinvented the silicon integrated circuit in 1959, and Moore had led research and development. They founded Intel with $2.5 million in funding arranged by financier Arthur Rock. Soon afterward, they recruited former Fairchild employee Andrew Grove, who later served as Intel’s chair and CEO.
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