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The Competitive Chaos Behind Moore’s Law
Truth on the Market
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Semiconductors are everywhere. They power your phone, your car, your refrigerator. They enable AI models, cloud computing, and modern manufacturing. Advanced chips control weapons systems, telecommunications networks, and financial infrastructure. No technology is more central to modern economic activity.
This makes competition in semiconductor manufacturing a question of enormous importance. Yet the industry presents a puzzle that challenges conventional thinking about competition and market power.
Moore’s Law, the observation (then prediction) that chip performance doubles roughly every two years, has held steady for five decades.