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English definition of “Moore’s law”

Moore’s law

noun [S]    
the idea stated by Gordon Moore of Intel Corporation that the cost of a computer chip (= very small piece of electronic computer equipment ) for a particular amount of processing power will continue to fall by half every two years : For most people, Moore's law manifests itself as a steady increase in a computer's clock speed from one year to the next.
(Definition of Moore’s law noun from the Cambridge Business English Dictionary © Cambridge University Press)
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