Intel Intel also manufactures motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphics chips, embedded processors and other devices related to communications and computing. Intel Corporation was founded on July 18, 1968, by semiconductor pioneers Robert Noyce and Gordon Moore (of Moore's law), and widely associated with the executive leadership and vision of Andrew Grove. The company's name was conceived as portmanteau of the words "int"egrated and "el"ectronics, with co-founder Noyce having been a key inventor of the integrated circuit (microchip). The fact that "intel" is the term for intelligence information also made the name appropriate. Intel was an
Advanced Micro Devices, Inc. v. Intel Corp. access to the 200 million documents in discovery and 2,200 hours of witness depositions from the private lawsuit, filed another antitrust lawsuit under similar allegations. That lawsuit was ultimately settled in 2012 by Cuomo's successor for $6.5 million. In December 2009, the FTC sued Intel. On August 4, 2010, FTC Chairman Jon Leibowitz reached a settlement agreement with Intel in which the company agreed to modify its rebate practices and establish a $10 million fund for misled customers. Advanced Micro Devices, Inc. v. Intel Corp. AMD v. Intel was a private antitrust lawsuit, filed in the United States by Advanced