Intel Co-founder Gordon Moore Dies at 94

A visitor passes an Intel logo at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Sergio Perez
A visitor passes an Intel logo at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Sergio Perez
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Intel Co-founder Gordon Moore Dies at 94

A visitor passes an Intel logo at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Sergio Perez
A visitor passes an Intel logo at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Sergio Perez

Intel Corp co-founder Gordon Moore, a pioneer in the semiconductor industry whose "Moore's Law" predicted a steady rise in computing power for decades, died Friday at the age of 94, the company announced.

Intel and Moore's family philanthropic foundation said he died surrounded by family at his home in Hawaii, Reuters reported.

Co-launching Intel in 1968, Moore was the rolled-up-sleeves engineer within a triumvirate of technology luminaries that eventually put "Intel Inside" processors in more than 80% of the world's personal computers.

In an article he wrote in 1965, Moore observed that, thanks to improvements in technology, the number of transistors on microchips had roughly doubled every year since integrated circuits were invented a few years before.

His prediction that the trend would continue became known as "Moore's Law" and, later amended to every two years, it helped push Intel and rival chipmakers to aggressively target their research and development resources to make sure that rule of thumb came true.

"Integrated circuits will lead to such wonders as home computers - or at least terminals connected to a central computer - automatic controls for automobiles, and personal portable communications equipment," Moore wrote in his paper, two decades before the PC revolution and more than 40 years before Apple launched the iPhone.

After Moore's article, chips became more efficient and less expensive at an exponential rate, helping drive much of the world's technological progress for half a century and allowing the advent of not just personal computers, but the internet and Silicon Valley giants like Apple, Facebook and Google.
Even though he predicted the PC movement, Moore told Forbes magazine that he did not buy a home computer himself until the late 1980s.

A San Francisco native, Moore earned a PhD in chemistry and physics in 1954 at the California Institute of Technology.

He went to work at the Shockley Semiconductor Laboratory where he met future Intel cofounder Robert Noyce. Part of the "traitorous eight," they departed in 1957 to launch Fairchild Semiconductor. In 1968, Moore and Noyce left Fairchild to start the memory chip company soon to be named Intel, an abbreviation of Integrated Electronics.

Moore and Noyce's first hire was another Fairchild colleague, Andy Grove, who would lead Intel through much of its explosive growth in the 1980s and 1990s.



Decision on Digital Pound over Two Years Away, Bank of England Says

A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo
A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo
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Decision on Digital Pound over Two Years Away, Bank of England Says

A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo
A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo

No decision will be made for at least a couple of years on whether Britain will go ahead with a central bank digital currency for the general public, the Bank of England said on Tuesday, pushing back the timeline for the project.

Former Prime Minister Rishi Sunak championed the idea of a digital currency in 2021 when he was finance minister, but the BoE and the current government have been more reluctant and a public consultation attracted widespread privacy concerns.

Governor Andrew Bailey said in October that a central bank digital currency was "not my preferred option" but might be needed if British banks did not ensure their payment systems were more attractive than those offered by less regulated tech companies, Reuters reported.

The BoE said on Tuesday it was starting work with Britain's finance ministry on a potential design for a digital currency, in line with plans in a previous consultation.

"After completing the design phase over the next couple of years, including taking account of developments in the wider payments landscape, the Bank and government will assess the policy case for a digital pound and determine whether or not to proceed," the BoE said.

In January 2024, the BoE said a decision on whether to go ahead with a digital currency would not be made before 2025 at the earliest.

Britain's government has said a digital pound would be private but not anonymous, unlike physical cash.

As with existing bank accounts and credit card payments, authorities would be able to track transactions they suspect involve money laundering or finance terrorism.

"This legislation would safeguard users' privacy, guaranteeing that neither the Bank nor the government could access users' personal information nor control how households and businesses use their money," the BoE said.