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. has accused Intel Corp. of abusing their power as the leading manufacturer for x86 processors. In 1991, AMD filed an antitrust lawsuit against Intel claiming that they were trying to secure and maintain a monopoly, and one year later, a court ruled against Intel, awarding AMD $10 million "plus a royalty-free license to any Intel patents used in AMD's own x86-style processor". In November 2009, Intel agreed to pay AMD $1.25 billion as part of a deal to settle all outstanding legal disputes between the two companies. That week, Andrew Cuomo, then the Attorney General of New York, who had