Andrew Grove

For the English fashion designer, see Andrew Groves.

Andrew Stephen Grove (born 1936-09-02) is a Hungarian-American businessman. He participated in the founding of Intel and was key to the company's success.

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Biography

Early life and education

Grove was born Gróf András István (in Hungary, the family name is first) to a middle-class Jewish family in Budapest, Hungary. Growing up he was known to friends as "Andris". At the age of four Andris is diagnosed with Scarlet fever of which he almost died, he conquered the disease but his hearing was damaged. In 1956, during the Hungarian Revolution, he left his home and family under the cover of night and emigrated to the United States, arriving in New York in 1957.^[1] Grove and his wife Eva were married in 1958 and have two daughters.

Grove earned a bachelor's degree in Chemical Engineering from the City College of New York in 1960. After settling in California, he received his Ph.D. in Chemical Engineering from the University of California, Berkeley in 1963.

Career

Grove worked at Fairchild Semiconductor before becoming the third employee at the nascent Intel Corporation. He became Intel's president in 1979, its CEO in 1987, and its Chairman and CEO in 1997.

Grove is credited with having ushered in the modern computing industry, turning Intel from a manufacturer of memory chips to the origin of the microprocessor. During his tenure as CEO, Grove oversaw a 4,500% increase in Intel's market value from $18 billion to $197 billion, making it, at the time, the world's most valuable company.^[2] He relinquished his CEO title in May 1998 and remained Chairman of the Board until November 2004. Grove continues his work at Intel as a senior advisor.

(Andy Grove was Intel's third employee, but received employee number four by clerical error. Leslie Vadasz was hired by Andy Grove and received employee number three by the same clerical error.)

Honors and achievements

• Strategic Management Society's Lifetime Achievement Award (2001) ^[3]
• IEEE 2000 Medal of Honor (2000) ^[4]
• Time Magazine's Man of the Year (1997) ^[5]
• Industry Week's Technology Leader of the Year (1997) ^[6]
• CEO magazine's CEO of the Year (1997) ^[7]
• AEA Medal of Achievement award (1993)
• IEEE Engineering Leadership Recognition award (1987) ^[8]
• In 2006 he made a 26,000,000 USD donation to City College of New York, the largest donation ever made to that school.

Books

Books written by Andrew Grove

• A. S. Grove (1967). Physics and Technology of Semiconductor Devices. Wiley. ISBN 0471329983. 
• A. S. Grove (1988). One on One With Andy Grove. Penguin Putnam. ISBN 0140109358. 
• A. S. Grove (1995). High Output Management. Random House. ISBN 0679762884. 
• A. S. Grove (1996). Only the Paranoid Survive. Doubleday. ISBN 0385482582. 
• A. S. Grove (2001). Swimming Across: A Memoir. ISBN 0446679704. 
• Robert Burgelman and A. S. Grove (2001). Strategy Is Destiny: How Strategy-Making Shapes a Company's Future. ISBN 0684855542. 
• Robert A. Burgelman, Andrew S. Grove and Philip E. Meza (2005). Strategic Dynamics: Concepts and Cases. McGraw-Hill/Irwin. ISBN 0073122653. 

Books about Andrew Grove

• Tim Jackson (1998). Inside Intel: Andy Grove and the Rise of the World's Most Powerful Chip Company. Plume. ISBN 0452276438. 
• Richard Tedlow (2006). Andy Grove. Penguin. ISBN 9781591841395. 

Quotes

• "When TV first came, people tried to look at it as a radio with pictures. We're at the stage now where the Internet is TV with poor connections."
• "A fundamental rule in technology says that whatever can be done will be done."
• "Success breeds complacency. Complacency breeds failure. Only the paranoid survive."
• "Just as you would not permit a fellow employee to steal a piece of office equipment, you shouldn't let anyone walk away with the time of his fellow managers."
• "Stressing output is the key to improving productivity, while looking to increase activity can result in just the opposite."
• "You have to pretend you're 100 percent sure. You have to take action; you can't hesitate or hedge your bets. Anything less will condemn your efforts to failure."
• "Technology happens, it's not good, it's not bad. Is steel good or bad?"
• "It is easier to seek forgiveness than to ask permission."

References