Former Intel CEO Andy Grove Dies at 79
Intel's first employee, Grove was instrumental in driving the company to become the world's largest chip maker and a key Silicon Valley player.In 1968, Intel founders Gordon Moore and Robert Noyce hired their first employee, a 32-year-old Hungarian immigrant who a decade earlier had escaped a homeland ravaged by the effects of World War II and the ensuing Communist rule to find a place for himself in the United States. The hiring of Andy Grove would help transform the brand-new semiconductor company into one of the cornerstones of Silicon Valley's evolution into the center of the technology world. The perseverance and determination that enabled him to survive Nazi Germany's occupation of Hungary and the country's subsequent existence behind the Iron Curtain would drive Intel to become a key player in the PC revolution, making the component inside the system as important as the system itself. He would also have an outsized influence on others who would rise to the top of the high-tech industry, guiding along the way the likes of Bill Gates, Larry Ellison, Steve Jobs and Michael Dell. In 1997, he was Time magazine's Man of the Year. Grove died March 21, at the age of 79, leaving behind a legacy that few could match, even in an industry that likes to talk about its legacies. He was named Intel's president in 1979, became its CEO in 1987 and was the chip maker's chairman until 2004. Intel is now the world's largest semiconductor company, its reach extending beyond PCs into everything from the data center to the Internet of things. It's a bellwether for the industry, a company that last year made $11.4 billion on revenue of $55.4 billion.
"We are deeply saddened by the passing of former Intel Chairman and CEO Andy Grove," Intel CEO Brian Krzanich said in a statement. "Andy made the impossible happen, time and again, and inspired generations of technologists, entrepreneurs, and business leaders."