What Happened on July 18th

Former Fairchild Semiconductor Corporation colleagues Robert Noyce and Gordon Moore incorporated Intel, a company they built to produce memory chips and, beginning in 1971, the world's first microprocessor available as a component, the Intel 4004. As Japan cemented its dominance on memory chips, Intel pivoted to producing microprocessors, which still dominate PC and data center markets today.

Moore is famous for "Moore's Law," first stated in 1965, which dictates that every 18-24 months, the number of transistors on an integrated circuit would double.