At a press briefing in London, AMD CTO Mark Papermaster explained that his company doesn't agree that Moore's Law is running out of steam. Moore's Law is alive and well, Papermaster said, but he added that only "narrow-minded" people think its evolution is just about transistor size.
Papermaster agreed transistors can no longer improve every cycle so he suggested we're now moving towards a "Moore's Law Plus", which means you get roughly the same pace of computing improvement with a combination of other techniques:
“Moore’s Law Plus means you stay in a Moore’s Law pace of computing improvement. So you can keep in with a Moore’s Law cycle but you don’t rely on just semiconductor chips, you do it with a combination of other techniques,” he added.
These "other techniques" refer to a combination of design, the semiconductor and how you architect those system solutions that will keep on the Moore's Law pace.
It might be combinations of CPU and GPU, other accelerators, different memory configurations, or how they are pieced together – there is room for lots of innovation at the next level.
So basically: The king is dead, long live the king!