Intel, once a dominant force in Silicon Valley and a leader in microprocessor manufacturing, is now struggling with layoffs and a diminished market value. It has failed to capitalize on advances in mobile technology and artificial intelligence. Despite its historical contributions to chipmaking and remaining the sole U.S. manufacturer of high-end chips, many believe Intel has become a prominent laggard in the tech industry. The company's past successes and significant figures like Robert Noyce and Gordon Moore shaped its early achievements, but its current status raises concerns about its future.
By the time Intel was celebrating its 10th anniversary in 1978 - a huge party at Daly City's Cow Palace, complete with disco music and a stock gift to every employee - the company had already racked up a list of industry-defining accomplishments.
Though Intel helped make chipmaking one of the world's most critical industries, and it's still the only United States company capable of manufacturing top-end chips, it missed chances in both the mobile and artificial intelligence eras.
Intel is now Bay Area tech's most prominent straggler, and many fear that its best days are well behind it - and never coming back.
Robert Noyce and Gordon Moore were already well-known figures in the nascent tech sector when they founded Intel after decamping from computer chip pioneer Fairchild Semiconductor.
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