With money raised by the venture capitalist Arthur Rock, who became Intel’s first chairman, Moore and Noyce founded their new company on 18th July 1968, based in Santa Clara, California, which was at the centre of the are soon to be known as Silicon Valley. At the outset, Intel focused on the production of semiconductors, particularly Static Random Access Memory chips for use in computers.
When the personal computing boom started, Intel were well placed to make the most of it, inventing the x86 line of computer processors, which IBM used in their PCs. Today Intel are the major manufacturer of semiconductors in the world producing a range of computing devices.
The corporate history of the company is available on their Intel Museum Worldwide site.