In 1969 the logo for Intel was created with the e dropped and came out with their first product the 3101 Random Access Memory (RAM).
In the 70s a Japanese client of Intel, Busicom, wanted Intel to design 12 custom chips for their calculators. Intel engineer Ted Hoff had the bright idea of designing one chip that could function as 12. The chief designers of the chip were Ted Hoff and Federico Faggin of Intel and Masatoshi Shima of Busicom. Noyce and Moore embraced Hoff's solution and decided to fund the chip's development. If successful this chip could be programmed to take instructions. This meant that it could be programmed by software instead of burning it into hardware, saving time and money. The end result was the world's first microprocessor. Intel decided to pursue this microprocessor production and shift most of its resources from memory products to computer chips.
In the 80s business was primarily using random access memory chips. By the end of the 80s Intel was the most profitable hardware supplier in the PC industry. In 1992 they became the largest semiconductor in the world.
Paul S. Otellini is president and chief executive officer of Intel Corporation. He became the company's fifth CEO on May 18, 2005, succeeding Craig R. Barrett. Otellini previously had served as Intel's president and chief operating officer, positions he held since 2002, the same year he was elected to Intel's board of directors. In 2005 and 2006, CEO Paul Otellini reorganized the company to refocus on core processor businesses and announced a series of dramatic cuts in the size of Intel's workforce that will ultimately reduce the company's size by over 10%.
In 2006 Intel introduced its new logo and new products like the Intel Centrino Duo mobile technology, the Intel Viiv, and the Intel Core Duo Processor.
According to Fortune Magazine: �Advanced Micro Devices (ADM) has finally arrived. Long the also-ran of the microprocessor business, a perennial distant second to industry behemoth Intel, AMD is now a contender. In the market for the crucial x86 chip, which serves as the brain for most personal computers, AMD has gained unit share for five years running and today stands at 21.6%. In the even more lucrative market for x86 server chips, its unit share has rocketed from negligible three years ago to 26% last quarter. And just last month the company announced a potentially industry-transforming $5.4 billion acquisition of chipset leader ATI Technologies.�