NEW YORK (CNNMoney.com) -- Intel Chairman Craig Barrett will step down from his post in May, ending a 35-year stint at the world's No. 1 chipmaker, the company announced Friday.Barrett, who joined Intel in 1974, also served as the chief executive of the company from 1998 through 2005.
"Intel became the world's largest and most successful semiconductor company in 1992 and has maintained that position ever since," said Barrett. "I'm extremely proud to have helped achieve that accomplishment."
Barrett said he was confident that Intel has the right management in place to continue its leadership in the chip making industry.
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