Gordon Moore, Intel co-founder and creator of Moore's Law, dies aged 94

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Reading a new book, this week, ironically, had never heard of it, and Moore's law is mentioned frequently, can someone offer a quick definition?
 

Skooby

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Reading a new book, this week, ironically, had never heard of it, and Moore's law is mentioned frequently, can someone offer a quick definition?
Basically, for my understanding, it's that the number of transistors on a microchip would double every year.
 
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