Intel Co-Founder to Retire from Board

Intel Corp. co-founder Gordon Moore will step down from the company’s board at today’s annual meeting, to be replaced by former Federal Communications Commission Chairman Reed Hundt.

Moore’s retirement, announced last month, ends a 23-year run at the company, including 12 as Intel’s chief executive. Moore, 72, is best known for Moore’s Law, a 1965 prediction that the number of transistors on a chip would double every year. In 1995, he modified that rule of thumb to every two years.

Moore co-founded the Santa Clara-based firm with Robert Noyce and Chairman Andy Grove after the trio left Fairchild Semiconductor.