Intel was founded July 18, 1968, by semiconductor pioneers Gordon Moore (of Moore’s law fame) and Robert Noyce and investor Arthur Rock. Intel’s employee #3 was Andrew Grove. Moore, Noyce, and Grove had all worked together at Fairchild Semiconductor in the mid 1960s.
The name “Intel” means INTegrated ELectronics. Moore and Noyce didn’t want to name the company after themselves, as it would sound like “more noise.” With noise being an undesired property in electronics, they initially chose the name NM Electronics, using their initials, but changed the name to Intel less than two weeks after its founding. Intel was already a trademark of a hotel chain, so the young company bought the rights to the name.
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