November of 1971 the world witnessed the release of the first single chip microprocessor. This new electronic marvel was the Intel 4004, the brain child of Federico Faggin, Stan Mazor and Ted Hoff, engineers working for Intel at the time. With the breakthrough of integrated circuits changing the design of computers from that point forward the only way to improve the concept was to go smaller. This new single chip microprocessor accomplished that by taking all the parts that made up the complex circuitry of the computer (the parts that made it think) and put them all together onto a single tiny silicon chip. They had made it possible for the first time ever to place programmed intelligence into an object that could do the thinking for you.
Two engineers from the Fairchild Semiconductor Company left, as did many others in 1968, to start up their own company. These two geniuses were Bob Noyce and Gordon Moore. After putting together a one-page company plan that described what the company hoped to accomplish, Noyce forwarded this business outline to Art Rock, a venture capitalist living in San Francisco at the time. Rock was able to raise $2.5 million in short order to back their new business scheme.
A hotel corporation had already trademarked the name “Moore Noyce” which they wanted to use for their new company name. But with that off the table, the two entrepreneurs took the words “Integrated” and “Electronics” and put them together to come up with the name: “Intel.” That went on to become their new name. The first product they worked on that made money for the new startup company was the “3101 Schottky Bipolar 64-bit Static Random Access Memory,” better known as an SRAM chip.
After a request to create a multifunction chip by a Japanese company called Busicom, Ted Hoff of Intel figured they could built a single chip that would do the same thing as 12 chips combined. The result was that nine months later they created the 4004 chip, a general-purpose logic chip. This new chip had 2,300 transistors that fit on 1/8th of an inch by 1/6th of an inch of silicon yet had the same power as the old ENIAC computer which consisted of 18,000 vacuum tubes and took up three-thousand cubic feet of space.





