In 1968, Bob Noyce and Gordon Moore quit their jobs at the Fairchild Semiconductor Company. Both men came up with the idea to create their own company of semiconductor chips. After pitching their ideas to create their own company, a man named Art Rock decided to invest his money into Noyce and Moore's venture (Intel Website). Soon after, the two founders decided on the name "Intel-, which was short for "integrated electronics-. "Intel's first money making product was the 3101 Schottky bipolar 64-bit static random access memory (SRAM) chip- (Bellis, Mary). .
In November, 1971, Intel publicly introduced the world's first single-microprocessor chip, the Intel 4004. The 4004 chip was invented by Federico Faggin, Ted Hoff, and Stan Mazor. Mary Bellis states, "Hoff and the Intel team developed such an architecture with just over 2,300 transistors in an area of only 3 by 4 millimeters. With its 4-bit CPU, command register, decoder, decoding control, control monitoring of machine commands and interim register, the 4004 was one heck of a little invention- (Inventors of a Modern Computer).
By 1985, Intel produced the Intel386 . Sporting new 32-bit architecture and a staggering 275,000 transistors, the chip could perform more than five million instructions every second (MIPS). Compaq's DESKPRO* 386 was the first PC based on the new microprocessor. In 1993, Intel introduced the world famous Pentium ® processor, setting new performance standards with up to five times the performance of the Intel486 processor. The Pentium processor uses 3.1 million transistors to perform up to 90 MIPS -- about 1,500 times the speed of the original 4004.
"Today, the PC's powered by the Intel Pentuim chip is revolutionizing modern life yet again. PC-based video conferencing, internal networking and the Internet are standard business communications tools. And people everywhere are turning to their PCs to tap into the Internet, to connect, explore and create new worlds of entertainment, information and communication.