Moore and Noyce quit Fairchild and incorporate a semiconductor memory company in Mountain View
By 1968, magnetic-core memory was expected to give way to semiconductor memory, and Gordon Moore and Robert Noyce wanted in early. The two had already built Fairchild Semiconductor into a powerhouse; now, with backing from investor Arthur Rock, they incorporated a new company in Mountain View on July 18, 1968. They called it NM Electronics at first, then renamed it Intel before the end of July 1968. Chemical engineer Andy Grove joined almost immediately as employee number three…
