A law that states that the number of chips on a transistor, and thus the transistorÂ’s computing power, will double about every two or three years. The law also states that this increase in computing ability will not require an equivalent increase in cost. The law is named after Gordon Moore, a pioneer in the semiconductor industry, who articulated his theory in 1965. He was one of the founders of Fairchild Semiconductor in 1957, but left that firm with other colleagues to co-found Intel Corp. in 1968. To date, MooreÂ’s law has held true.