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.
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.