# Intel — Capital Time Machine

Intel was founded in 1968 and completed an IPO in October 1971. Its early financing is historically important, but aggregate funding does not reveal a verified seed-share entry price.

Canonical citation: https://capitaltimemachine.com/private/intel

Ticker: INTC
Sector: Semiconductors
Public-market route: Historical IPO
Evidence reviewed: 2026-09-24

## How to use this research

Selected historical funding and listing evidence, not a complete private cap table or live quote. Funding totals, company valuations and per-share prices are different measures. A hypothetical value is not actual sale proceeds; investor access is not established.

## Funding and listing history

### formation — Intel founded

Date: 1968-07-18
Event type: Formation

Robert Noyce and Gordon Moore established the company in 1968.

Source: [Intel founding history](https://www.intel.com/content/www/us/en/history/virtual-vault/articles/intels-founding.html)
Source location: July 1968 incorporation and initial business operations.

### early — Initial private capital

Date: 1968
Event type: Historical financing

Intel’s own retrospective says less than $3 million had been raised by year-end. This aggregate is not a per-share cost or post-money valuation.

Reported capital or financing: Less than $3 million by year-end

Source: [Intel archived company history](https://www.intel.com/pressroom/chipshots/archive.htm)
Source location: Fortieth-anniversary history: less than $3 million funding by the end of 1968.

### ipo — Initial public offering

Date: 1971-10-13
Event type: Historical IPO

The issuer gives a $23.50 original offer price and reports $6.8 million raised. The rounded two-cent split-adjusted FAQ figure is not used for calculation.

Reported capital or financing: $6.8 million issuer-reported

Reported price: $23.50 original offering price

Source: [Intel investor FAQ](https://www.intc.com/stock-info/faq)
Source location: IPO October 13, 1971 at $23.50; subsequent stock splits.

Source: [Intel historical annual reports](https://www.intel.com/content/www/us/en/history/virtual-vault/articles/historical-annual-report-list.html)
Source location: 1971 IPO proceeds reported as $6.8 million; access to historical annual reports.

## Documented share calculations

No documented private share-price and conversion model is enabled. Users may enter their own comparable prices; do not infer a per-share entry price from aggregate funding or company valuations.

## Later share adjustments

No separate share-class distribution is modeled.

## Coverage gaps and limitations

- The reviewed primary sources establish early capital and the IPO; they do not provide a complete priced private-round schedule.

- The issuer’s rounded split-adjusted IPO price is unsuitable as an exact pre-IPO input.

- No seed-to-current result is calculated without a verified private share price and full share-basis chain.

Entered prices and later-date share-basis assumptions are unverified. Excludes fees, taxes, dividends, warrants and other distributions; fractional shares are illustrative. Historical investor allocations, minimums and selling rights are not established.

Methodology: https://capitaltimemachine.com/methodology

Research terms: https://capitaltimemachine.com/terms