Which of the following statements is/are true about Moore’s Law? (i) The number of transistors on a chip would double every year. (ii) The costs of a chip would be halved every two years.

Moore’s Law states that the number of transistors on a microchip doubles approximately every two years, while the cost per transistor decreases. Statement (ii) aligns with this, but statement (i) exaggerates the rate of doubling to every year, making it incorrect. Knowledge Booster: 1. Proposed by Gordon Moore in 1965. 2. Applies primarily to semiconductor technology. 3. Used as a benchmark for technological progress. 4. Drives advancements in computing performance and efficiency.