The technological world is growing each and every day. It began with the students from Silicon Valley, who created very large computers. There was then Microsoft, which left the world amazed by their amazing software. Ever since, the world continues to grow each and every day in the technological world. There are new inventions almost every day; this is where Intel falls in. the computers that we use nowadays are much better than those in the olden days. Intel has played a big role in this development.
At the moment, Intel is the world’s largest and highest valued semiconductor chip manufacturer based on revenue. Intel is the provider of the x86 series of microprocessors used in many personal computers today. To date, Intel supplies microprocessors to large companies such as Apple, Lenovo, Dell, and HP. They also make motherboard chipsets, network interface controllers, integrated circuits, and many others.
The name Intel came from the two words, “Integrated and electronics,” and has been productive ever since inception. So much so that they ranked number 46 in the 2018 Fortune 500 list of the largest corporations in the United States. The company is a very big employer as it has approximately 110,200 employees. The company had great success after personal computers became common. They have played a very big role in the growth of the computer industry and also supports other open-source projects.
Inception
Intel was founded on the 18th of July in 1968. This bold move was made by Robert Noyce and Gordon Moore and is also associated with the executive leadership of Andrew Grove. It was the early developer of SRAM and DRAM memory chips, which their main line of work until 1981. They created the microprocessor chip in 1971, although it was not a success until the inception and success of the personal computer.
In the 90’s they invested a lot in the development of new microprocessor designs and played a big role in the growth of the computer industry. In 2000, things began to change, and their demand began to reduce. After undergoing a period of success for the past ten years, things started becoming tough. It’s competitor, AMD, had a significant position in the market share, which meant that intel began falling. However, Craig Bennet, the then-CEO attempted to diversify their production to other areas apart from semiconductors, this venture was a big success.
Evolution
As mentioned earlier, Intel was begun in 1968 by Robert Noyce and Gordon Moore. Their main involvement at the time was the making of SRAM and DRAM memory chips. Moore was a chemist while Noyce and a physicist and was the co-inventor of the integrated circuit. Arthur Rock helped them in finding investors while Max Palevsky was on board with since the beginning. It began from its humble beginning in Silicon Valley. In the 1970s, they created the first microprocessor, although it was not a big success at the time since there were no personal computers. But since the inception of personal computers, the company had a huge success.
Although they were doing well in the later stages if the 80’s and were very successful in the 1990s, they began slowing down in 2000. This was mainly because their main competitor, AMD, was having a larger market share than them. It was there and then that their CEO, Craig Bennet, diversified the products of the company, which turned out to be a great idea.
The company had some legal issues in the 1980s and 1990s since the government did not recognize the Intellectual Property Rights related to microprocessor topology and hence the enactment of the Semiconductor Intellectual Property Act of 1984. Intel also sued some companies for making similar chips to theirs, although they lost the suits, Antitrust allegations had been simmering.
In 2005, the company refocused on the making of core processors and chipsets, and later in 2006, it unveiled its Core microarchitecture, and later in 2008, it introduced Penryn microarchitecture and later released a processor with Nehalem architecture which had positive reviews. In 2006, they sold their Xscale processor to Marvell Technology Group for an estimated $600 million, which enabled them to refocus their resources towards its core x86 and server businesses. The company has been growing each and every year with new acquisitions and huge investments, such as the $11 billion Israeli chip plant.
Awards and Achievements
Intel is a successful company that has grown immensely over the years. Since its inception in 1968, the multi-national company has made huge steps, and its work has been highly honored. The company has been around for about 51 years and has really flourished. Its amazing efforts cannot go unrecognized. The company has received numerous awards over the years from different corporations that honor them for their work. Some awards held by this company are;
- EMEA Candidate Experience Award in 2015
- Company of the Year Award in 2012
Net worth of Intel in 2024
Intel started out as a joint venture between a physicist, a chemist, and a venture capitalist and has now grown into something spectacular. Intel is one of the largest employers in the world, with a workforce of approximately 110,200 employees. The company is now very successful with numerous acquisitions and investments. As of April 2024, Intel has a net worth of around $270 billion, and it seems that it will get better for them.
It can be confidently said that Intel has played an instrumental role in the development of the computer industry. Their microprocessors are currently being used all over the world in numerous personal computers. With the gradual growth of the computer industry, Intel will continue to grow and flourish into an incredible multinational corporation.