The observation that the number of transistors in a dense integrated circuit doubles approximately every two years is named after Gordon E. Moore, the co-founder of Intel and Fairchild Semiconductor. Moore's 1965 paper described a doubling every year in the number of components per integrated circuit, and projected this rate of growth would continue for at least another decade. In 1975 he revised the forecast to doubling every two years. His prediction proved accurate for several decades, and the law was used in the semiconductor industry to guide long-term planning and to set targets for research and development. Advancements in digital electronics are strongly linked to Moore's law: quality-adjusted microprocessor prices, memory capacity, sensors and even the number and size of pixels in digital cameras.

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