In March 1968, Moore and Noyce decided to leave Fairchild and again, as nine years prior, turned to Arthur Rock. In the summer of 1968, they founded NM Electronics.[96] Blank, Grinich, Kleiner, Last, Hoerni, and Roberts set aside the past disagreements and financially supported the company of Moore and Noyce.[97] A year later, NM Electronics bought the trade name rights from the hotel chain Intelco and took the name of Intel.