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If you want to be pedantic, the original (and revised) law are definitely about cost. The original formulation was that the number of features (i.e. transistors) on an integrated circuit doubled every two years for the best-priced chips (smallest cost per feature).

https://web.archive.org/web/20220911094433/https://newsroom....

> The complexity for minimum component costs has increased at a rate of roughly a factor of two per year (see graph on next page).

And it is formulated in a section aptly titled "Costs and curves". This law has always been an economic law first, some kind of roadmap for fans to follow. But that roadmap drove almost-exponential investment costs as well.

I concede that density still rises, especially if you count " advanced packaging". But the densest and most recent is not the cheapest anymore.





s/fans/fabs/ (blame autocorrect)



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