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Re:Moore’s Law Not Dead – Intel’s Use of HPC to Keep It Alive by 0xcde4c3db on Tuesday January 12, 2016 @09:03AM (#10887417)
Two reasons:

1) More transistors per unit area means that they're smaller, which means (all other things being equal, which is far from a good assumption for the past several shrinks) that it takes less energy to switch them, which in turn ideally means that they can also be switched faster.

2) More cache fits on a die of a given size/price.

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