Intel is an American semiconductor manufacturer headquartered in Santa Clara (Silicon Valley), California. It was founded in 1968 by employees of Fairchild Semiconductor. The European headquarters have been in Munich since 1974. Intel is best known for PC microprocessors, where the company holds approximately 80% market share worldwide. Intel also produces various other types of microchips for computers, for example chipsets for mainboards (“Intel ICH”, “Intel GMA”), WLAN and network cards as well as embedded CPUs and flash memory.