The big question of how small chips can get | Financial Times

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• Despite currently being caught up in a fierce geopolitical battle between the US and China, and a wider slowdown in demand for chips after the pandemic-driven boom created an inventory glut, ASML is betting on a doubling in the size of the semiconductor market in the coming years: from $600bn today to up to $1.3tn by 2030.

• The innovations achieved by ASML have ensured that transistors have continued to shrink, thereby making chips more powerful. The pace of progress in the technology industry over the past five decades has been made possible by exponential increases in semiconductor transistor density. This rate of production was predicted by the Intel co-founder Gordon Moore, who said in 1965 that the number of transistors incorporated in a chip will approximately double every year — a projection, later revised to every two years, that came to be known as Moore’s Law.