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> This was a time when chip transistor cost was decreasing rapidly.

GPUs were actually mostly playing catch-up. They were progressively becoming more expensive parts that could afford being built on more advanced fabs.

And I'll have to point, "advanced fabs" is a completely post-Moore's law concept. Moore's law is about literally the number of transistors on the most economic package. Not any bullshit about area density that marketing people invented on the last decade (you can go read the paper). With Moore's law, the cheapest fab improves quickly enough that it beats whatever more advanced fabs existed before you can even finish designing a product.





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