The pace of performance improvement that innovating firms make available, and the rate of improvement that customers can utilize, triggers fundamental changes in the way companies need to compete and may mean the end of Moore's Law. For decades, the semi-conductor industry has successfully and single-mindedly pursued a set of traditional perform-ance trajectories. The pursuit of Moore's Law ― the assertion that the number of transistors on an area of silicon doubles every 18 months and consequently that the cost per function of ICs falls by half in about the same time ― has delivered enormous value to the market and to the companies that have enabled this progress.
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