The image shows Gordon Moore in 1965, then an aspiring engineer and budding entrepreneur, would become co-founder of Intel Corporation and an engineering legend when he published an article in the April, 1965 issue of Electronics Magazine titled "Cramming More Components Onto Integrated Circuits" which later became known as Moore's Law. On right, Gordon Moore today, philanthropist, engineer and Chairman Emeritus of Intel Corporation, a Fortune 50 company.
Intel co-founder Gordon Moore forecasted the rapid pace of technology innovation. His prediction, popularly known as “Moore’s Law,” states that transistor density on integrated circuits doubles about every two years.
One of the impacts of the "Moore's Law" is that the cost of manufacturing transistors would go down every year and that the number of transistors would double every year starting with 30. In 1975, he revised his prediction to every two years. Forty years later we're up to 1.7 billion transistors on a chip with no sign of slowing down.
Moore predicted the exponential growth that has driven the semiconductor industry from startup some 50 years ago to more than US$200 billion in annual revenue today. Circuits have also become the foundation of the trillion-dollar electronics industry. As integrated circuit costs have decreased, they have made their way into modern products ranging from automobiles to greeting cards.