Gordon Moore was one of the three founders of Intel, the world’s major producer of microcomputer chips. When you hear the word “pentium,” think Intel. It is one of the most successful manufacturing companies on earth. Year after year, it dominates a highly competitive, highly innovative market. Back in 1965, Moore made a prediction: the capacity of integrated circuits (computer chips) over the next decade would double every 18 to 24 months. He did not say that this will continue indefinitely. One implication of this observation that he failed to spell out is this: that portion of a computer’s purchase … Continue reading Greenspan’s Dilemma