Law can be stated as:
Number of transistors on a microchip doubles every 18 months.
Denser the chip => Higher the capacity
Limitations: Chips must be thick enough for the electrons to pass through.
Predictions based on Moore’s Law
Processing power (speed) doubles every 18 months.
Storage capacity of RAM increases exponentially.
Storage capacity of hard disk drives is also increasing exponentially.
Cost for consumers to purchase computer parts is decreasing over time.