Chip icon Moore retires at Intel

Intel co-founder and chip industry icon Gordon Moore is retiring from the board, but will remain active with the processor giant as chairman emeritus.

Intel co-founder and chip industry icon Gordon Moore is retiring from the board, but will remain active with the processor giant as chairman emeritus.

Moore is perhaps best known for what has come to be called Moore's Law, which predicts that the number of transistors on a silicon chip will double about every 18 months.

His retirement is no surprise, as the company has an established policy in which members step down when they reach the age of 72, an Intel spokesman said.

Chairman and co-founder Andy Grove explained that Moore's legendary knowledge of the communications industry will still be important in helping Intel with its strategies for growth.

"We will miss Gordon's direct role on the Intel board," he said. "It would be impossible to adequately thank Gordon, whose name is synonymous with integrated circuit technology, for all he has done for Intel and the industry."