Intel: Doomed by Moore’s Law

by | Jun 28, 2002 | POLITICS

A seasoned Silicon Valley businessman — an older man of the pre-dotcom generation who’s seen his fair share of booms and busts — once told me that he had discovered the fatal weakness of the technology industry. It is that semiconductors are the most capital-intensive and innovation-intensive industrial products in history, yet everyone wants to […]

A seasoned Silicon Valley businessman — an older man of the pre-dotcom generation who’s seen his fair share of booms and busts — once told me that he had discovered the fatal weakness of the technology industry. It is that semiconductors are the most capital-intensive and innovation-intensive industrial products in history, yet everyone wants to pretend that they are commodities. “People have no idea what it takes to make these things,” he told me. “They think they’re no different than potatoes. They want

Don Luskin

Don Luskin is Chief Investment Officer for Trend Macrolytics, an economics research and consulting service providing exclusive market-focused, real-time analysis to the institutional investment community. You can visit the weblog of his forthcoming book ‘The Conspiracy to Keep You Poor and Stupid’ at www.poorandstupid.com. He is also a contributing writer to SmartMoney.com.

The views expressed represent those of the author and do not necessarily represent the views of the editors & publishers of Capitalism Magazine.

Capitalism Magazine often publishes articles we disagree with because we believe the article provides information, or a contrasting point of view, that may be of value to our readers.

Related articles

Zohran Mamdani’s “Democratic Socialist” Plans For New York City

Zohran Mamdani’s “Democratic Socialist” Plans For New York City

New York’s future does not lie in further centralization or state control. Its vitality has always derived from individual freedom, entrepreneurial energy, and the rule of law. The Big Apple became great because it allowed people to build, innovate, and prosper—not because government directed them.

Five Myths About Tariffs

Five Myths About Tariffs

Tariffs distort market signals that would otherwise lower costs, raise competition, and motivate reinvestment.

The Myth of The Medicare “Trust Fund”

The Myth of The Medicare “Trust Fund”

Using the phrase “Medicare’s trust fund” for any reason other than exposing its falsehood is grossly misleading. It implies there’s a pot of money available to fund Medicare, when no such pot exists.

No spam. Unsubscribe anytime.

Pin It on Pinterest