Moore’s law states that the number of components that can be placed on an electronic chip will double about every two years. The law is based on observations made by an American research scientist named Gordon Moore . In 1965, Moore noticed that, up to that time, the number of transistors per square inch (6.5 square centimeters) on integrated circuits seemed to double every 12 months. He correctly predicted that such a trend would continue for the next 10 years. After this initial forecast expired in 1975, he further predicted that circuit complexity would double every two years. The processing power of computer chips, compared to their cost, tended to follow the same trend.
Moore’s law held fairly accurate from the time Moore first made his observation until the early 2010’s. Many computer chip developers treated the law as a goal to work toward. Until now, computer chip developers have been able to create smaller and smaller components. However, scientists now believe the rate of miniaturization has slowed down. The natures of atoms and molecules have limited how tiny components can become. Scientists are optimistic that new technologies will allow improvements to computer chips, but at a somewhat slower rate than currently predicted under Moore’s law.
Gordon Moore was employed at Fairchild Semiconductor at the time of his observation. In 1968, Moore became one of the founders of Intel Corporation , a leading manufacturer of computer chips.