Unique Research - Moore's Law is an Understatement!
Updated: Sep 21, 2021
In 1965, Intel co-founder Gordon Moore made a prediction that computing power would dramatically increase in power and relative cost at an exponential pace. He somewhat famously observed that the number of transistors that fit onto an integrated circuit doubled roughly every 18 months to two years, effectively providing more processing power at the same cost. He further observed that there was no reason this progress couldn’t continue.
Moore’s law became the golden rule for the electronics industry, and a springboard for innovation. Semiconductors will be the engine powering the next decade of global growth in an increasingly data-hungry world, much like oil fueled the rise of industrial economies in the last century.
On the demand side, as corporations, governments and industries transition to 5G technologies, artificial intelligence (AI) and cloud-based solutions, we believe the industry is prepared to benefit from these powerful tailwinds in the years ahead.
By various estimates, including ours, global semiconductor sales might double from about $450 billion in 2019 to nearly $1 trillion by 2030.