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Andrew Grove (1936 - 2016)

Getty Images / Anne Knudsen

Andrew Grove (1936 - 2016)

Andy Grove, the Hungarian-born U.S. business executive who formerly led the Intel Corp. as its CEO, died Monday in Santa Clara, California, according to multiple news sources. He was 79.

Intel announced the death, but the company did not provide a cause.

“We are deeply saddened by the passing of former Intel Chairman and CEO Andy Grove,” said Intel CEO Brian Krzanich. “Andy made the impossible happen, time and again, and inspired generations of technologists, entrepreneurs, and business leaders.”

A pioneer in the semiconductor industry, Grove helped to transform the company into the world’s largest manufacturer of semiconductors that are used in computers and other devices.

“Grove played a critical role in the decision to move Intel’s focus from memory chips to microprocessors and led the firm’s transformation into a widely recognized consumer brand,” Intel’s news release states. “Under his leadership, Intel produced the chips, including the 386 and Pentium, that helped usher in the PC era. The company also increased annual revenues from $1.9 billion to more than $26 billion.”

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Grove’s rags-to-riches story also was notable. Born Andras Grof Sept. 2, 1936, in Budapest, Hungary, he survived the Nazi Holocaust and escaped from Hungary as it came under the control of Communists. He immigrated to the U.S. in 1957, changing his name thereafter to Andrew Grove.

By 1963, he had earned a bachelor’s degree and a doctorate in chemical engineering.

After working as a researcher for Fairchild Semiconductor in the ‘60s, he joined Intel on the day the company opened its doors in 1968. He started as Intel’s director of engineering, working his way up during the decades that followed. He was Intel’s president in 1979, its CEO in 1987, and its chairman and CEO in 1997. He gave up his CEO title in 1998, but he continued to serve as chairman of the board until 2005.

“Both during his time at Intel and in retirement, Grove was one of the most influential figures in technology and business, writing best-selling books and widely cited articles, and speaking out on an array of prominent public issues,” Intel’s news release states.

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