The MOS Technology 6502 (pronounced "sixty-five-oh-two") is an 8-bit microprocessor that was designed by a small team led by Chuck Peddle for MOS Technology. When it was introduced in 1975, the 6502 was, by a considerable margin, the least expensive full-featured microprocessor on the market. It initially sold for less than one-sixth the cost of competing designs from larger companies, such as Motorola and Intel, and caused rapid decreases in pricing across the entire processor market.