In March 1968, Moore and Noyce decided to leave Fairchild and again, as nine years prior, turned to Arthur Rock. In the summer of 1968, they founded NM Electronics. Blank, Grinich, Kleiner, Last, Hoerni, and Roberts set aside the past disagreements and financially supported the company of Moore and Noyce. A year later, NM Electronics bought the trade name rights from the hotel chain Intelco and took the name of Intel. Moore held senior positions at Intel until 1997, when he was named Chairman Emeritus of Intel Corporation. Noyce left Intel in 1987 to lead the non-profit consortium Sematech. He died suddenly in 1990, the first of The Eight.