[Congressional Record Volume 164, Number 121 (Wednesday, July 18, 2018)]
[Extensions of Remarks]
[Page E1033]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




    RECOGNIZING AND CELEBRATING INTEL CORPORATION'S 50TH ANNIVERSARY

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                            HON. ZOE LOFGREN

                             of california

                    in the house of representatives

                        Wednesday, July 18, 2018

  Ms. LOFGREN. Mr. Speaker, I rise today, along with my colleagues Anna 
Eshoo and Ro Khanna, to recognize and celebrate Intel Corporation's 
50th anniversary. Intel who some call the ``most important company in 
the world,'' has long been an enormously significant company of the 
global digital economy.
  On July 18, 1968--50 years ago today--Intel was founded by 
semiconductor pioneers Bob Noyce and Gordon Moore. One of their first 
hires was Andy Grove--a refugee who had immigrated from communist-
controlled Hungary at the age of 20. He finished his education in the 
United States at the City College of New York and the University of 
California, Berkeley. Intel initially set about making memory chips, 
but within three years had invented the very first microprocessor. For 
the next thirty years, Noyce, Moore, and Grove were successive CEOs of 
Intel, during which the company's innovative, cutting-edge research, 
and industry leading technology profoundly changed how the world 
connected, communicated, and did business. Starting with just 12 
employees at its founding in 1968, Intel has now grown to be the 
largest semiconductor manufacturer in the world, with over one hundred 
thousand employees globally.
  Since its founding, Intel products pushed the envelope in terms of 
what computers and microprocessors could achieve. Today, Intel and its 
founders are rightfully considered icons in Silicon Valley. Bob Noyce 
and Gordon Moore's decision to strike out on their own with a plan to 
pursue superior technology helped ignite the startup culture that still 
defines Silicon Valley to this day. Bob Noyce earned his nickname as 
``Mayor of Silicon Valley,'' and was instrumental in crafting the 
casual, hands-on work environment that remains the standard in Silicon 
Valley. He provided counsel to countless younger CEO's, among them 
Steve Jobs. Gordon Moore is the renowned author of ``Moore's Law,'' the 
guiding principle of the semiconductor industry, which predicts a 
doubling of the number of transistors on an integrated circuit every 
two years. Remarkably, that standard still holds true today. Andy 
Grove's encouragement of innovation, risk-taking, and open 
communication drove the company to ever-higher levels of success and 
competitiveness, and has had a lasting impact on the culture of Silicon 
Valley.
  For the past 50 years, Intel has been an engine of innovation in 
Silicon Valley. Just last week, the San Jose Mercury News reported 
that--were the San Francisco Bay Area a nation of its own--it would be 
the 19th largest economy in the world. The astounding success of 
Silicon Valley can be attributed to many things, but few companies have 
played such an integral role in the early molding of Silicon Valley 
into the worldwide leader of innovation and technology it is today. Bob 
Noyce, Gordon Moore, and Andy Grove built a legacy and a company to be 
proud of, and we join in offering our sincere congratulations to the 
Intel Corporation for their 50 years of innovation and excellence.

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