Intel The Corporation Essay

1835 words - 8 pages

Intel The Corporation

"A corporation is a business that, although owned by one or more investors, legally has the rights and duties of an individual. Corporations have the right to buy, sell, and own property. Corporations may make legal contracts, hire and fire workers, set prices, and be sued, fined, and taxed. A business must obtain a charter of incorporation from a state legislature or Congress to be legally recognized as a corporation."(Watson, p211) While corporations didn't exist until the mid to late 1800s, the idea of the corporation had existed since the early 1600s. It all started with English merchants who started trading companies to help fund the early colonies. If the ...view middle of the document...

The board of directors are in charge of hiring the people responsible for the every-day running of the corporation. These positions include, but are not limited to: the president, vice president, and other chief administrators. (Watson, p211-212)

If a corporation reaps a profit, investors may receive a dividend, or a share of the monetary gain made by the company. The elected board of directors choose whether the money will go towards profit, expansion of the company, modernization of the company, or research and development. (Watson, p212)

"With about 85% of the microprocessor market, Intel is definitely inside. Its microprocessors -- including the Pentium -- have been providing brains for IBM-compatible PCs 1981."(….) Intel started on July 16, 1968 when magnetic core memory was the leading technology at the time. They were trying to make semi-conductor memory practical with silicon memory. Unfortunately for Intel semi-conductor memory cost 100 times more than magnetic core memory, but the silicon had many advantages - smaller size, greater performance, and reduced energy consumption. Then, in late 1968,the Japanese company Busicom asked Intel to produce a series of chips (twelve chips for every unit) for a group of programmable calculators that they were producing. Normally, chips were made specifically for each product. Well, the designers at Intel decided that they would make a general purpose logical chip to replace all of the many different varieties of chips that would go into the different electronics. The logical chip was a major success; the only problem was that Busicom had the rights to the chip. Realizing that this chip could have a major impact on society, the founders Bob Noyce and Gordon Moore praised the new chip, while people in the corporation still wanted to stick with producing memory. Intel bought the rights to the chip from the struggling Japanese company for $60,000, and this "paved the way for Intel's developing vision of ubiquitous (universal) microprocessor-based computing."(…/cn71898a.htm).
The 4004 microprocessor set was introduced near the end of 1971. "Smaller than a thumbnail and packing 2300 transistors, the $200 chip delivered as much computing power as the first electronic computer, ENIAC. By comparison, ENIAC relied on 18,000 vacuum tubes packed into 3,000 cubic feet when it was built in 1946. The 4004 executed 60,000 operations in one second, primitive by today's standards, but a major breakthrough at the time."."(…/cn71898a.htm). Directly after the 4004, Intel introduced the 8008 microprocessor, which processed eight bits of information at a time, twice as much as the original chip. This technological break-through put microprocessors everywhere, from fast food restaurants to airport control towers. Yet no one had thought of the personal computer, until; Intel Chairman Emeritus Moore remembers, "In the mid-1970s, someone came to me with an idea for what was basically...

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