Editing Intel (section)

===Origins===
[[File:Andy Grove Robert Noyce Gordon Moore 1978 edit.jpg|thumb|upright|[[Andrew Grove|Andy Grove]], [[Robert Noyce]] and [[Gordon Moore]] in 1978]]

Intel was incorporated in [[Mountain View, California]], on July 18, 1968, by [[Gordon E. Moore]], a [[chemist]]; [[Robert Noyce]], a physicist and co-inventor of the [[integrated circuit]]; and [[Arthur Rock]], an investor and [[venture capital]]ist.<ref>{{Cite web |title=Arthur Rock {{!}} Encyclopedia.com |url=https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/arthur-rock |access-date=June 2, 2023 |website=www.encyclopedia.com |archive-date=June 2, 2023 |archive-url=https://web.archive.org/web/20230602213947/https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/arthur-rock |url-status=live }}</ref><ref>{{cite web |url=https://timeline.intel.com/1968/a-rock-solid-startup |title=A Rock-Solid Startup |website=Intel |access-date=July 6, 2023 |quote=Rock was already a founding investor in Intel, along with Robert Noyce and Gordon Moore |archive-date=July 7, 2023 |archive-url=https://web.archive.org/web/20230707162709/https://timeline.intel.com/1968/a-rock-solid-startup |url-status=live }}</ref><ref>{{Cite web |title=Arthur Rock: Silicon Valley's Unmoved Mover {{!}} The Generalist |url=https://www.generalist.com/briefing/arthur-rock |access-date=June 2, 2023 |website=www.generalist.com |language=en |archive-date=June 2, 2023 |archive-url=https://web.archive.org/web/20230602213254/https://www.generalist.com/briefing/arthur-rock |url-status=live }}</ref> Moore and Noyce had left [[Fairchild Semiconductor]], where they were part of the "[[traitorous eight]]" who founded it. There were originally 500,000 shares outstanding of which Noyce bought 245,000 shares, Moore 245,000 shares, and Rock 10,000 shares; all at $1 per share. Rock offered $2,500,000 of convertible debentures to a limited group of private investors (equivalent to $21 million in 2022), convertible at $5 per share.<ref>{{Cite web |title=Arthur Rock {{!}} Encyclopedia.com |url=https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/arthur-rock |access-date=June 3, 2023 |website=www.encyclopedia.com |archive-date=June 2, 2023 |archive-url=https://web.archive.org/web/20230602213947/https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/arthur-rock |url-status=live }}</ref><ref>{{Cite web |last=Stanford Law School |first=Stanford Law School |date=2020 |title=TNTEL CORP $2, 500,000 CONVERTIBLE DEBEN'l'URES |url=https://law.stanford.edu/wp-content/uploads/2023/01/Intel-Convertible-Note-220920.pdf |access-date=June 3, 2023 |archive-date=June 3, 2023 |archive-url=https://web.archive.org/web/20230603094214/https://law.stanford.edu/wp-content/uploads/2023/01/Intel-Convertible-Note-220920.pdf |url-status=live }}</ref> Two years later, Intel became a [[public company]] via an [[initial public offering]] (IPO), raising $6.8 million ($23.50 per share). Intel was the first company to be listed on the then-newly established [[National Association of Securities Dealers]] Automated Quotation System ([[NASDAQ]]).<ref name="Intel_Museum">{{cite web |title=Intel Online Museum: Corporate Timeline (Archived version) |url=http://www.intel.com/content/www/us/en/history/historic-timeline.html |archive-url=https://web.archive.org/web/20130103012023/http://www.intel.com/content/www/us/en/history/historic-timeline.html |archive-date=January 3, 2013 |access-date=July 23, 2011 |work=Intel Museum |publisher=Intel}}</ref> Intel's third employee was [[Andrew Grove|Andy Grove]], a [[chemical engineer]], who later ran the company through much of the 1980s and the high-growth 1990s.

In deciding on a name, Moore and Noyce quickly rejected "Moore Noyce",<ref>{{cite web |url = http://download.intel.com/pressroom/kits/events/idffall_2007/TranscriptMoore-Gelsinger.pdf |title = IDF Transcript: Interview with Gordon Moore |publisher = Intel Corporation |date = August 18, 2007 |access-date = July 29, 2009 |archive-date = December 12, 2020 |archive-url = https://web.archive.org/web/20201212202235/https://download.intel.com/pressroom/kits/events/idffall_2007/TranscriptMoore-Gelsinger.pdf |url-status = live }}</ref> a near-homophone for "more noise"&nbsp;– an ill-suited name for an [[electronics]] company, since [[electronic noise|noise in electronics]] is usually undesirable and typically associated with bad [[electromagnetic interference|interference]]. Instead, they founded the company as NM Electronics on July 18, 1968, but by the end of the month had changed the name to Intel, which stood for Integrated Electronics. Since "Intel" was already trademarked by the hotel chain Intelco, they had to buy the rights for the name.<ref name="Intel_Museum" /><ref>{{cite web |last=Valich |first=Theo |date=September 19, 2007 |title=Secret of Intel name revealed |url=http://www.theinquirer.net/default.aspx?article=42469 |archive-url=https://archive.today/20120629001528/http://www.theinquirer.net/default.aspx?article=42469 |url-status=dead |archive-date=June 29, 2012 |work=[[The Inquirer]] |access-date=September 19, 2007 }}</ref>