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A much bigger problem "holding up Moore's Law Progression" is the failure of Dennard scaling and the fact that voltage scaling is hitting the threshold voltage limit (where sub-threshold leakage current increases significantly) as we move to smaller technology nodes. This means we can build bigger chips but we don't necessarily have the power budget to power up all parts of it at the same time (these could be cores, pipeline structures, etc). The architecture community has written a lot on this "Dark Silicon" problem if anyone wants to read further.