See also

In deciding on a name, Moore and Noyce quickly rejected "Moore Noyce",[36] near homophone for "more noise" – an ill-suited name for an electronics company, since noise in electronics is usually undesirable and typically associated with bad interference. Instead, they founded the company as NM Electronics (or MN Electronics) on July 18, 1968, but by the end of the month had changed the name to Intel which stood for Integrated Electronics.[note 2] Since "Intel" was already trademarked by the hotel chain Intelco, they had to buy the rights for the name.[34] [42]

Early history At its founding, Intel was distinguished by its ability to make logic circuits using semiconductor devices. The founders' goal was the semiconductor memory market, widely predicted to replace magnetic-core memory. Its first product, a quick entry into the small, high-speed memory market in 1969, was the 3101 Schottky TTL bipolar 64-bit static random-access memory (SRAM), which was nearly twice as fast as earlier Schottky diode implementations by Fairchild and the Electrotechnical Laboratory in Tsukuba, Japan.[43][44] In the same year, Intel also produced the 3301 Schottky bipolar 1024bit read-only memory (ROM) [45] and the first commercial metal–oxide–semiconductor field-effect transistor (MOSFET) silicon gate SRAM chip, the 256bit 1101.[34][46][47]

While the 1101 was a significant advance, its complex static cell structure made it too slow and costly for mainframe memories. The three-transistor cell implemented in the first commercially available dynamic random-access memory (DRAM), the 1103 released in 1970, solved these issues. The 1103 was the bestselling semiconductor memory chip in the world by 1972, as it replaced core memory in many applications.[48][49] Intel's business grew during the 1970s as it expanded and improved its manufacturing processes and produced a wider range of products, still dominated by various memory devices.