Intel Corporation (#INTC) Stock Price, Live Chart & Analysis | Trade #INTC

Interesting facts about the #INTC (Intel Corporation)

Intel was founded in July 1968. It was originally called "NM Electronics," after its founders Noyce and Moore. Later, the enterprise purchased the rights from the Intelco company to use the "Intel" name, which comes from Integrated Electronics.

The enterprise works on numerous services aside from processors for computer devices, including integrated graphics processing units, solid-state drives, modems, BlueTooth & Wi-Fi chipsets, and flash memory. Intel offers many software and cloud-based services. Moreover, the enterprise is working on self-driving cars.

The company has held an active position covering various business areas since its launch. Magnetic-core memory was the most common type of computer memory when the company first sought investors. At the time, semiconductor memory was expected to replace magnetic-core memory. As a result, Intel's founders set out to dominate the semiconductor memory market. However, like any other large corporation, Intel suffered periods of significant losses.

Intel tried to sell digital watches in 1972. They bought a well-known watch manufacturer called Microma. Despite the initial profit, the watch market tanked in 1978, pushing them to sell Microma and focus on their core products.

The company released the Intel P5 Pentium microprocessor in 1994. However, they had a bug that was found by a Professor of Mathematics, Dr. Thomas Nicely. If the company had cared more about its customers, it would have reacted to the notice sent by Dr. Nicely. Ultimately, he made a post about the bug on the internet.

As the company didn’t pay attention to this situation and refused to pay compensation, the case led Intel’s largest customers, including IBM, to refuse to sell PCs with the flawed CPU. In the end, Intel had to replace all bugged chips, which resulted in a loss of $497 million. However, this didn’t stop Intel from developing and covering new markets. The corporation has acquired more than 90 businesses, including famous names such as McAfee (for $7.6 billion), Altera (for $16.7 billion), MobilEye (for about $15 billion), and Habana Labs (for around $2 billion). Moreover, it invests in numerous companies worldwide.

All this confirms that #INTC shares may be underestimated. The stock price is expected to increase as soon as the company releases a new product.