It is undeniable that the worldwide computer industrys center is the US, specifically in Silicon Valley. Much of the reason for the success of Silicon Valley had to do with Moores Law: the observation by Intel co-founder Gordon Moore that the number of transistors on a microchip doubled at a rate of approximately every two years. According to the International Technology Roadmap for Semiconductors, Moores Law will end in 2021. How can we rethink computing technology to restart the historic explosive performance growth? Since 2012, the IEEE Rebooting Computing Initiative (IEEE RCI) has been working with industry and the US government to find new computing approaches to answer this question. In parallel, the CCC has held a number of workshops addressing similar questions. This whitepaper summarizes some of the IEEE RCI and CCC findings. The challenge for the US is to lead this new era of computing. Our international competitors are not sitting still: China has invested significantly in a variety of approaches such as neuromorphic computing, chip fabrication facilities, computer architecture, and high-performance simulation and data analytics computing, for example. We must act now, otherwise, the center of the computer industry will move from Silicon Valley and likely move off shore entirely.
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