This Day in History: July 18

Today: October 23, 2017
Intel Founded
Intel chip

July 18, 1968

Intel Founded

Robert Noyce, Andy Grove and Gordon Moore incorporated Intel, a company they built on production of the microprocessor. The component that has allowed computers to increase in speed and decrease in size, the microprocessor also built Intel, whose Pentium processors now power most IBM-compatible personal computers.

Moore is famous for Moore's Law, which dictates that every 18 months microprocessors double in speed and decrease in size by half.