Electronics magazine has noted that 35 years ago, Gordon Moore, then a young research director at Fairchild Semiconductor, saw that the number of components on an integrated circuit had doubled every year and figured that rate would continue for a decade as transistors were made smaller. He saw that the per-component costs would fall as manufacturing improved. That year there were just 50 to 60 transistors, among other components, on an integrated circuit. Three years later Moore co-founded Intel Corp. In 1954, a transistor cost about $5.52. By 2004, its price tag was a billionth of a dollar.
Last year, Intel reported $34.2 billion in sales. Now retired, the 76year-old Moore still ranks among the world's wealthiest people with an estimated fortune worth $4.3 billion. The global semiconductor industry reported sales last year of $213 billion. The consumer electronics industry, which relies largely on semiconductors, pulled in $1 trillion.
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Source: Manufacturing Engineering