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Moore’s Law

The number of transistors incorporated in a chip will approximately double every 24 months.” - Gordon Moore, Intel Co-founder

What is Moore’s Law?

Moore's law is a term used to refer to the observation made by Gordon Moore, the co-founder of Intel, in 1965. Moore’s law became the driving force behind the semiconductor technology revolution at Intel and elsewhere.
However, the duration had to be adjusted depending on the growth rate:
1965) Every year
1975) Every two years
Current) Every 18 months

Reference