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Andy Grove

Andy Grove was born as András István Gróf on 2nd September, 1936 in Budapest, Hungary to Jewish parents George and Maria Gróf. He got very sick at the age of 4 due to scarlet fever which affected his hearing capabilities. In 1944, Germany invaded Hungary and started sending Hungarian Jews to Nazi concentration camps. Under false identity, Grove and his mother took shelter in their friend’s home while his father got held up in the concentration camp. The family reunited after the war. Politics intervened his life once again in the name of Hungarian Revolution in 1956. He fled to Austria and somehow reached America with the help of his friend.

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His biography reveals that upon changing his name to Andrew S. Grove, he started studying chemical engineering at City College of New York. He paid his tuition fees by doing odd jobs. He married Eva Kastan, a fellow refugee in 1958. Grove graduated from CCNY in 1960. The couple then relocated to California, where Grove started his Ph.D. in Chemical Engineering from the University of California, Berkeley. He completed his Ph.D. in 1963.

Grove started his career at R&D department in Fairchild Semiconductor, a small company at that time. Grove played a key part in the early development of Integrated circuits. In 1968, he left Fairchild and joined Intel, which was founded by Robert Noyce and Gordon Moore. Grove was the third employee in Intel. He was appointed the role of company’s director of engineering, which was shocking to many. Intel started its production in 1969. The company was largely manufacturing DRAM’s in early 1970’s. The company slowly shifted its attention to microprocessors due to continuous business pressure. Intel successfully collaborated with IBM and Grove played the key part in convincing IBM to use only Intel manufactured microprocessors in their products. This move was the defining moment in Intel’s history.

In 1979, Andy Grove was appointed as the company’s President. He wrote about his management style in his book ‘High Output Management’ (1983). The book was translated into 11 other languages. He became the CEO of the company in 1987. Intel continued to grow under his tenure, the growth of Intel was unmatchable. He reinvested part of the company’s profit in the R&D department and building new development centers and labs. He was diagnosed with prostate cancer in 1998. He resigned as the CEO of the company but continued as the Chairman of Board till 2004.

He always encouraged his employees and managers to experiment and try out new ideas. He always encouraged new ideas and new inventions. Some of his quotes reflect the same. With this management style, he played a key part in transforming a startup company to multi-billion dollar company. Intel became a household name in each and every part of the world. Some of his books apart from High Output Management are Physics and Technology of Semiconductor Devices (1967) and One-on-One with Andy Grove (1987). He had total net-worth of $400 million dollars. He met his death at the age of 79 on March 21, 2016.


Quick Facts
Birth Date: 2 Sep, 1936
Age: 83 yrs
Occupations: Engineer
Entrepreneur
Computer scientist
Writer
Citizenship: United States of America
Birth Place: Budapest
Gender: Male
Description: Hungarian-born American businessman, engineer, and author
Net Worth 2021: 500 million
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Last Modified: Jun 27 2020
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