Moore's Law refers to the observation that the number of transistors on a microchip doubles approximately every two years, leading to exponential increases in computational power and reductions in cost. This principle has driven technological advancement, enabling more powerful and efficient devices over time. As a result, it has significantly impacted sectors such as electronics, data processing, and communication technologies. However, as physical limitations are approached, the implications of Moore's Law may evolve, prompting exploration of new technologies to sustain growth in the tech industry.