Can't help but think the way that Wong is talking is just a bastardisation of Moore's law. I know everytime it comes up we have a bit of a kerfuffle around what Moore's law really states, but the technologies being described here essentially say the transistors are going to stay the same but we'll scale down all the peripherals. This may be a functionally good future for the industry but it's really not Moore's law.
If you consider other factors, there is a reasonable case that Moore's law isn't as directly correlated with end user experience as it used to be.<p>Single thread performance is flattening out: <a href="https://semiengineering.com/wp-content/uploads/2018/03/Rambus-AI-memory-systems-fig1.jpg" rel="nofollow">https://semiengineering.com/wp-content/uploads/2018/03/Rambu...</a><p>And, there's also the "good enough" angle. At least for desktops, laptops, and phones, people are upgrading less often. What they have is good enough for a longer time period. Lower demand, I assume, would eventually affect the pace of innovation.