Has Moore's Law Been Repealed? An Economist's Perspective

Moore's law in the semiconductor industry came to mean regular, predictable introductions of new manufacturing technology that enabled denser electronics. Adoption of new manufacturing technology, and its effect on silicon wafer-processing costs, determined how rapidly transistor manufacturing costs declined. In recent years, both cost decline rates and other economically valuable technical benefits flowing from use of the newest chip-making technology seem to have substantially diminished.