Intel’s latest earnings call was a real stunner because it confirmed a rumor I’d covered here and at the same time seemed to spell the end of Moore’s Law, which has guided the company for 40 years.

On the call, the company confirmed that it will build a third generation of processors with the 14nm process, taking another year than usual to get to a process shrink. The move to 10nm would not come until the second half of 2017.

This marks the end of the “tick/tock” strategy, where “ticks” were process shrinks, and “tocks” were whole new architectures. Each tick and tock was about one year apart. Intel introduced this method in 2007 because it found trying to do new architectures and die shrinks at the same time had become too challenging and introduced too much risk.

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