Silicon Valley, Apr 18: Co-founder of the world`s largest chipmaker Intel Corp, Leslie L. Vadasz, is retiring, the company announced today. Vadasz, who is the executive vice president and president of Intel Capital, the company`s strategic investment programme, will retire effective June 1 John H F Miner, Intel vice president, has been named president of Intel capital.

Vadasz, 66, was part of Intel`s founding team in 1968. He held a variety of engineering and business management positions during his career at Intel. He managed the design teams that developed some of the semiconductor industry`s most significant products, including the world`s first merchant market large-scale integrated dynamic random access memory (Dram); the first erasable, programmable read-only memory (Eprom); and the world`s first microprocessor. Most recently, Vadasz has been responsible for Intel Capital, Intel`s strategic investment programme, which he established in 1991, the company said.
Intel Capital is one of the most active venture investors worldwide and has invested in more than a total of 1,000 information technology companies in more than 30 countries.
In 2002, Intel Capital invested more than $200 million in more than 100 companies and it currently has holdings in more than 475 companies. Bureau Report