Intel Corporation is an American semiconductor manufacturer headquartered in Santa Clara, California. It was founded in 1968 by employees of the Fairchild Semiconductor company. The European headquarters have been in Munich since 1974. Intel is best known for PC microprocessors, in which the company has a global market share of approximately 80%. Intel also produces various other types of microchips for computers, such as chipsets for mainboards, WLAN and network cards, as well as embedded CPUs and flash memory.