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What is Moores Law and what is its importance?

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What is Moores Law and what is its importance?

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Moore’s Law states that the number of transistors on a given area of silicon will double about every 24 months, cutting in half the production cost per transistor. Smaller chips are cheaper to make, record faster clock speeds and operate with lower electrical power consumption. Maintaining Moore’s Law fuels Intel’s continued progress and investment in fabrication facilities and process technology.

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