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Chip Shot: Turning 50 This Month, Moore’s Law Spurs Economic Growth in the Trillions

Turning 50 this month , Moore’s Law is the cornerstone on which today’s innovation is built. IHS said today that Moore’s Law has generated a minimum of $3 trillion in incremental GDP and up to $11 trillion when including the indirect impact. At an event tonight , Gordon Moore is expected to highlight that without increasing funding for basic research and focus on STEM education advancements such as Moore’s Law may not happen in the future, potentially hobbling economic growth and increases in living standards.

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