In 1968, Intel Corporation was founded by Gordon E. Moore and Robert Noyce, originally incorporated as “NM Electronics.” The familiar short name, based on “Integrated Electronics” was adopted later in the year. In 1969, its first product was a RAM (random access memory) chip. By 1974, they introduced the 8080 microprocessor, which was quickly adopted in hundreds of products, including traffic lights, cash registers, and the earliest personal computers (such as the Altair 8800 hobbyist kit in 1975). Intel has grown to become the world's largest semiconductor chip maker (by revenue). « Inside Intel: Andrew Grove and the Rise of the World's Most Powerful Chip Company, by Tim Jackson. - book suggestion.