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Import prices are hedonically adjusted (accounting for chip speed and capacity) so Moore's law means they normally fall …

SemiAnalysis Twitter · SemiAnalysis (@SemiAnalysis_) · 2026-06-22

SemiAnalysis explains that semiconductor import prices are hedonically adjusted for performance improvements, meaning Moore's Law normally causes these prices to decline over time — establishing the baseline against which current increases are extraordinary.

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Topics: semiconductor-pricinghedonic-adjustmentmoores-law

Claims

  • Import prices for computers and semiconductors are hedonically adjusted to account for improvements in chip speed and capacity.
  • Because of Moore's Law, hedonically adjusted semiconductor import prices normally fall over time.

Key quotes

Import prices are hedonically adjusted (accounting for chip speed and capacity) so Moore's law means they normally fall over time.