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Intel's history began in June 1968, when the outgoing Fairchild Semiconductor company, Rebrit Noyce and Gordon Moore, decided to found it. The name of the company was invented for a long time and settled on Intel (the abbreviation of the word "integral electronics"). The founders of the company showed their first business plan, consisting of one page and typed, to the financial adviser who helped create Fairchild. So they received a large sum of $2.5 million for business development.
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