Moore's law talks about scaling transistor density at a minimal cost. Its colloquial understanding is actually a particular case of the Experience Curve Effect

Moore's law talks about scaling transistor density at a minimal cost. Its colloquial understanding is actually a particular case of the Experience Curve Effect with an added bonus. What made transistors special and unique for a while was the huge benefit from Dennard Scaling. However, the days where we could expect a next version to be of much smaller components while much faster at same power levels, for the same or lower price, are gone. The experience and returns to scale are still plodding along but Dennard Scaling is gone and with it, its magic, vanished by physics.