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Here was Huang’s response, in full, with some minor edits:
“So first of all, a 12 inch wafer is a lot more expensive today than it was yesterday. And it's not a little bit more expensive, it is a ton more expensive.
“Moore's law is dead. And the ability for Moore's law to deliver the same performance, half the cost every year and a half is over. It's completely over.
“ And so the idea that the chip is going to go down in cost over time, unfortunately is a story of the past.
“Moore's law is dead. And the ability for Moore's law to deliver the same performance, half the cost every year and a half is over. It's completely over.
“ And so the idea that the chip is going to go down in cost over time, unfortunately is a story of the past.