Moore retires as chief of Intel

Gordon Moore, the legendary co-founder of Intel has announced his retirement

from the company he started with friend and colleague Robert Noyce in 1968.

Moore, however, said he would continue as an adviser to Intel after leaving the

board. Moore, whose personal fortune is estimated at $26 billion, has remained

on Intel's board of directors since leaving the day-to-day management of the

company to Andy Groove in the mid-1980s.

Moore graduated with a degree in Chemistry from the University of California

at Berkeley in 1950 and a PhD in Chemistry and Physics from the California

Institute of Technology in 1954. Moore will be succeeded on Intel's board by a

formidable personality in his own right, Reed Hundt, the former chairman of the

US Federal Communications Commission.

Hundt is currently a senior adviser on information industries at the

management-consulting firm of McKinsey & Company. He was chairman of the FCC

from 1993 to 1997 and helped implement the 1996 Telecommunications Act. He also

helped negotiate the World Trade Organization's agreement on telecommunications.