Acquired Adapting Episode 3: Intel
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May 12, 2020 Discover the fascinating history of Intel, from its early struggles to its resurgence as a microprocessor leader. The story of Andy Grove, a transformative figure who guided the company through crises, is truly inspiring. Explore the dramatic moments of the 'traitorous eight' leaving Shockley's lab to revolutionize semiconductors. Learn about the pivotal shift in strategy that helped Intel combat fierce competition in the 1980s and the importance of adaptability in technology and business.
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Birth of Silicon Valley and Fairchild
- William Shockley, co-inventor of the transistor, founded Shockley Semiconductor in 1956, marking the birth of Silicon Valley.
- Eight employees, including Bob Noyce and Gordon Moore, left due to Shockley's difficult management style and founded Fairchild Semiconductor.
Founding of Intel
- Bob Noyce and Gordon Moore, two of the "traitorous eight," left Fairchild Semiconductor to found Intel in 1968.
- Arthur Rock secured funding, but only if they brought Andy Grove on board.
Hidden Commodity Problem
- Intel's initial success with memory chips masked the underlying issue of it being a commodity product.
- This led to a crisis when Japanese competitors entered the market with cheaper, superior products.
