The Intel386 is a microprocessor which has been used as the central processing unit (CPU) of many personal computers since 1986. During its design phase the processor was code-named simply "P3", the third-generation processor in the x86 line, but is normally referred to as either i386 or just 386. The 80386 operated at about 5 million instructions per second (MIPS) to 11.4 MIPS for the 33 MHz model.  It was the first x86 processor to have a 32-bit architecture, with a basic programming model that has remained virtually unchanged for over twenty years and remains completely backward compatible. Successively newer implementations of this same architecture have become literally several hundred times faster than the original i386 chip during these years.
Designed and manufactured by Intel, the i386 processor was taped-out in October of 1985. Intel decided against producing the chip before that date, as the cost of production would have been uneconomical. Full-function chips were first delivered to customers in 1986. Motherboards for 386-based computer systems were highly elaborate and expensive to produce, but were rationalized upon the 386's mainstream adoption. The first personal computer to make use of the 386 was designed and manufactured by Compaq, and Andy Grove, Intel's CEO at the time, made the decision to single-source the processor, a decision that was ultimately crucial to both the processor's and Intel's success in the market.
The range of processors compatible with the 80386 is often collectively termed x86 or the i386 architecture; today, Intel prefers the name IA-32 however.
In May 2006 Intel announced that production of the 386 would cease at the end of September 2007.  Although it had long been obsolete as a personal computer CPU, Intel, and others, had continued to manufacture the chip for embedded systems, including aerospace technology.