Intel’s story is not similar to other technology giants. Neither did it begin in a garage by technology geeks, nor did it face a problem of funds. Intel’s founders, Robert Noyce and Gordon Moore were reputed middle-aged techies with enough experience in the field. When Intel started in 1968, the company received a funding of $2.5 million from Arthur Rock, an American financier.
Intel started business with memory chips. The company is credited with the world’s first metal oxide semiconductor, the 1101. Though it was not a hit, its successor dynamic random-access memory (DRAM) chip did well in the market.
DRAM was the first chip that could store a significant amount of information. Moreover, DRAM was cheaper. Soon, it became the standard memory device in computers worldwide.
The company went public in 1971. Intel reached new heights with the launch of erasable programmable read-only memory chip-the EPROM.
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