Moore's Law states that computers' speed and capability will increase every year, even as cost goes down.
When we discuss Moore's Law, we are discussing Moore's perception that the number of transistors in a microchip can double every two years, and the cost of computers is halved. Moore's Law states that the speed, as well as the capability of the computers, can increase every couple of years while allowing us as the end-users to pay less for them. In 1965, Gordon E. Moore, who was the co-founder of Intel, made this observation, which over time became Moore's Law.
However, when we take a look at the decades that followed the original observation, Moore's Law actually guided the semiconductor industry, and this was especially the case in the long-term planning and setting targets for research and development.
Moore's Law has been a driving force when it comes to technology as well as social change, alongside productivity and economic growth which are the hallmarks of the late 20th and the early 21st century.
Keep in mind that this law implies that computers, as well as machines that run on computers, alongside computing power, will all become smaller, faster and cheaper throughout time, as the transistors on the integrated circuits become more efficient.
As transistors in integrated circuits become more efficient, however, the computers become smaller as well as faster. The chops, as well as transistors, are microscopic structures that contain carbon as well as silicon molecules, and these are aligned perfectly to move the electricity along the circuit faster. The faster this microchip ends up actually processing electrical signals, the more efficient the computer becomes as a result. Keep in mind that the cost of higher-powered computers is dropping on an annual basis, and this is due to the lower labor costs as well as the reduced semiconductor prices, both of which play a role.
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