Moore's law

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Moore's law is the observation that the number of transistors in an integrated circuit (IC) doubles about every two years, with minimal increase in cost. Despite the name, Moore's law describes an empirical relationship, not a scientific law. This type of observation, an experience curve effect, quantifies efficiency gains from learned experience in production. The observation is named after Gordon Moore, the co-founder of Fairchild Semiconductor and Intel and former Chief Executive Officer of the latter, who in 1965 noted that the number of components per integrated circuit had been doubling every year, and projected that this rate of growth would continue for at least another decade. In 1975, looking forward to the next decade, he revised the forecast to doubling every two years, a compound annual growth rate (CAGR) of 41%. Moore's empirical evidence did not imply that the historical trend would continue; nevertheless, his prediction has held since 1975 and has since become known as a...

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