I mean, is there any reason to believe this is actually true? There's no law that just because something is super useful its price will continue to drop forever. Just check out this chart: https://www.nrdc.org/sites/default/files/import/switchboard/.... The blue line is the inflation-adjusted price of electricity by year. I think it's fair to say that electricity is even more vital to the modern economy than compute power, and that having more of it for cheaper would unquestionably raise the standard of living for everyone. There's also a functional and mostly-free market for its production. And yet its real cost has remained essentially stagnant over the last 40+ years.

Now, there are obviously reasons why Moore's law has been a thing for so long (probably a lot to do with the exponentially increasing number of chips we use and the experience curve http://www.economist.com/node/14298944), but the last 50 years in chips may have been more the exception than the rule.

The entire computer industry, well, the entire technology industry is founded on compute power becoming cheaper each year.

What happens to these billion-dollar companies when that is no longer the case? Will Intel's investors be OK with it when they announce that they won't be coming out with anything much better than what they've currently got? Or will they be punished (severely) in the stock market after such an announcement? [1]

The board of directors will respond to pressure from the investors (or get replaced), and will replace company leadership if needed to continue advancement in technology.

And so they (or someone else) will invest in new technologies to move beyond CMOS lithography, such as molecular nanotechnology. Which will disrupt everything else related to technology and biology as well.

[1] I read articles about gamers buying 5-year old Xeon processors for their game machines for $70 USD which are competitive with current-generation i7 desktop processors that cost much more. If Intel can't sell new processors that are effectively better than older ones, that's going to be a real problem for them, and the stock market will eventually notice.

No, we've just gotten used to it. So now, like any junkie with a bad habit we're going to have to get used to doing without that. Or deal with the increased electricity bill.

> The board of directors will respond to pressure from the investors (or get replaced), and will replace company leadership if needed to continue advancement in technology.

Company leadership being replaced is not going to magically change the laws of nature.

At some point even Intel investors will have to accept that there are such things as physical laws and nature doesn't care one bit about your quarterly earnings reports.

Well, that's just it, we haven't hit the physical limits of computing yet. But we are indeed close to the limits of what is practical with CMOS photo-lithography.

At some point even Intel investors will have to accept that there are such things as physical laws and nature doesn't care one bit about your quarterly earnings reports.

This acceptance process will be quite painful, and someone, some way, some how will step in to promise greater returns.

I agree that the consequences of compute power no longer advancing year-to-year will be significant but I can't agree this is a case of nobody's trying hard enough.

I look at these yuuuuge teams at Intel working on their processors, and what kind of returns are we getting on that investment? How much are they, in comparison, investing in molecular nanotechnology related research?

I look at this, and it is mostly software-ish things:

http://www.intel.com/content/www/us/en/education/highered/re...

There is some hardware stuff, further down the page, and some talk of the post-CMOS world. But I don't see enough. In my view, they're not placing nearly enough emphasis on the foundational technologies they need for their business.

It's also the case that Intel has become less forthcoming on their semiconductor research directions so I wouldn't necessarily expect there to be a lot of information on their website.