Moore's Law

The original Moore's Law derives from a speech given by Gordon Moore, later a founder of Intel, in 1965, in which he observed that the number of microcomponents that could be placed in an integrated circuit (microchip) of the lowest manufacturing cost was doubling every year and that this trend would likely continue into the future. As this observation and prediction began to be frequently cited, it became known as Moore's Law. In later years, the Law was occasionally reformulated to mean that rate. The pace of change having slowed down a bit over the past few years, the definition has changed (with Gordon Moore's approval) to reflect that the doubling occurs only every 18 months.