The population at large had seen the most incredible advances in technology brought about during the war – the most spectacular of which was the atom bomb.
Between 1945 and 1960, R&D spending in the semiconductor industry increased by about 7% CAGR but US government spending in that time increased 9x.
At that time, advances were adopted quickly and widely – Jean Hoerni’s planar process revolutionised the IC industry. By 1964, 75% of the semiconductor industry were using the planar process, but fewer than ten companies had actually licensed it, despite Fairchild’s 1959 patent on the process.
Nowadays, fundamental research is sparse, litigation on patents is ferocious and there have not been any breakthrough products in the chip industry in a couple of decades.