Since the 1970s the number of electronic components that can be fitted onto a microchip has doubled every 18 months, allowing computers to double in speed, or half in price, during the same period. Although this trend – which was predicted by Gordon Moore of Intel in the 1960s – may continue for the next few years, the top speed at which integrated circuits can operate is beginning to level out.
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Parker et al. (2000) studied this question.