Moore's law.

In 1964 Gordon Moore, who later went on to become one of the co-founders of American microchip manufacturer Intel, observed that the average density of integrated circuit chips (number of storage bits per square unit of area) had doubled every year since the technology was invented. He then predicted that this increase would continue indefinitely.

Moore’s law has been revised since the 1970s to say that the average chip density will double every 18 months, but it still nonetheless holds basically true today. This general rule has had tremendous implications for the information technology industry and now, with the advent of mass-market digital camera, to photography. It is also the chief reason why computers and digital cameras depreciate in value so rapidly.

Entry last updated 2002-05-08. Term 809 of 1487.

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