Intel, primarily a manufacturer of semi-conductors was founded in California in 1968 by Robert Noyce, Gordon E. Moore, Max Palevsky and Arthur Rock. Noyce and Moore were pioneers in semi-conductors. With an initial investment of $2.5 million, both the founders wanted to name the company Moore Noyce, but later settled for Intel, which is an acronym for Integrated Electronics.
The company had to purchase the brand name from a hotel chain Intelco. The primary product of the company is integrated digital technology platform that consists of a microprocessor and chips.