Gordon Moore has passed away at the age of 94. He founded Intel in 1968 with Robert Noyce and stayed there until 2006. He also famously predicted that the number of transistors in an integrated circuit would double every year, also known as Moore’s Law.

Before he started Intel in 1968 and instituted Moore’s Law in 1965, he co-founded the semiconductor company Fairchild Semiconductor with seven other former Shockley Semiconductor lab employees. That company became a leader in the development of integrated circuits and a breeding ground for the emergence of other technology companies, including AMD.

While working for that company, he made a prediction that would come to be known as Moore’s Law. He predicted that the number of transistors on chips would double every year. Ten years later, he revised his predictions, making them “every two years.” The law has been around for decades, although its death has been announced several times in recent years.

In July 1968, with Fairchild colleague Robert Noyce, he founded Integrated Electronics, Inc., Intel for a short time, to focus on memory production for semiconductors. Later the focus shifted to making microprocessors. He served as executive vice president until 1975. That year, Noyce left the company, leaving Moore to become president. He held this position until 1979, when he was appointed Chairman and Chief Executive Officer. After eight years, he resigned as CEO, but remained Chairman until 1997. He then resigned as Chairman Emeritus, a position he held until his retirement in 2006.

According to Intel In recent years, Moore has been involved in philanthropy as chair of the Gordon and Betty Moore Foundation. This institution focuses, among other things, on environmental conservation, scientific research, and improving patient care. The technology pioneer passed away peacefully at his home in Hawaii on Friday. The cause of death was not disclosed.