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Moore,
who received his PhD in chemistry from Caltech in 1954, made the
announcement at the Caltech Board of Trustees meeting this weekend.
He said the gift is intended to allow Caltech to continue to do
what it does best - collaborative work between disciplines - and
to keep Caltech on the forefront of science and technology.
"Caltech has a unique ability to do multidisciplinary work
- partly because of its size and partly because of its history.
It is described as being a national treasure and it certainly is,"
said Moore. "The education I received there has served me well.
We are hoping this gift will position the institute well as it moves
forward."
Betty
Moore, a graduate of San Jose State College in journalism, is very
active in the couple's numerous philanthropic activities. She says
Caltech has been an important part of her life during her 51-year
marriage and she is pleased to be able to support it with this gift.
"We've
been very fortunate in our lives and we feel it's time to give back,"
said Betty Moore. "We enjoy seeing the students and knowing
that we're helping them."
The
couple formed the Moore Foundation in November 2000 and set up offices
in San Francisco. The foundation's main focus is the environment,
scientific research, higher education, and the Bay Area.
The
foundation's grants of $300 million over a 10-year period and the
Moore's $300 million gift over five years are for educational and
scientific programs to be mutually agreed upon.
"We
are delighted to be able to make significant long-term grants to
Caltech. These grants and the projects they will fund will help
this outstanding institution remain at the forefront of higher education
in the world," said Lew Coleman, president of the Gordon and
Betty Moore Foundation.
"The
Moore name has long been associated with world leadership in industry
and technology," said Benjamin M. Rosen, chairman of the Caltech
Board of Trustees. "Today, Gordon and Betty Moore extend this
leadership to university education and research. From the seminal
Moore's Law for semiconductors to this precedent-breaking Moores'
Gift for Caltech, this couple's impact on the world at large and
on Caltech is remarkable."
In
1968, Moore and a colleague from the Fairchild Semiconductor Division
of Fairchild Camera and Instrument in Mountain View created a start-up
to focus on large-scale integrated products. They typed a one-page
business plan, received $2.5 million in venture capital in two days,
and named the company Intel, short for "integrated electronics."
Among
their early successes was the design of a general-purpose logic
chip that could execute a string of instructions. This chip changed
history by making programmable intelligence so cheap that it could
be embedded into household appliances and was powerful enough for
computers that tackle the largest scientific problems. The microprocessor
was hailed as one of the top inventions in American technology history,
ranking with the invention of the light bulb, the telephone, and
the airplane.
Moore
was chief executive officer at Intel from 1975 to 1987, and was
chairman until 1997 when he became chairman emeritus. He is widely
known for "Moore's Law," which he formulated in 1965.
The law stated that the number of transistors the industry would
be able to place on a chip would double every year, a trend he forecast
would continue through 1975. In 1975 he updated his prediction to
once every two years. While originally intended as a rule of thumb,
it has become the guiding principle for the industry, which endeavors
to deliver ever more powerful semiconductor chips at proportionate
decreases in cost.
Moore,
72, has been a Caltech trustee for 18 years, and served as chairman
of the board from 1993 to 2000. The couple's generosity to the Institute
has included the establishment of the Gordon and Betty Moore Presidential
Discovery Fund, which is intended to allow faculty to explore new
and unique ideas. They also funded the G. E. Moore Electronic Materials
and Structure Laboratory, the Gordon and Betty Moore Undergraduate
Scholarships, and the Gordon and Betty Moore Laboratory of Engineering.
Moore
is a director of Gilead Sciences Inc. and Conservation International.
A member of the National Academy of Engineering and a fellow of
the Institute of Electrical and Electronics Engineers, he received
the National Medal of Technology in 1990 from then-president George
Bush.
Moore
holds several patents for semiconductor devices, and has authored
more than 45 research publications, primarily in semiconductor device
physics.
CONTACT:
Jill Perry, Media Relations
Director
(626) 395-3226
jperry@caltech.edu
More
on Moore:
2001
Commencement Speech
Intel
The
Gordon and Betty Moore Foundation
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