How the Information Revolution Remade Business and the Economy

CHAPTER 1

The Magic of Moore’s Law on Knowledge-based Economy

Introduction

The benefits of Moore’s law to human progress can be traced to a universal value an end user in form of transistors. The more the number of transistors on an electronic circuitry, the greater is the functionality of the product the consumers can buy. In this way, the number of transistors translates into system functionality. Therefore, by cramming more transistors on an integrated circuit (IC), it is possible to not only add value to the final product but, by means of mass production, to also ­minimize or reduce the costs of production. In this way, Moore’s law has been able to offer a lot of value to the semiconductor industry by offering a higher value to consumers ...