The following video is part of our "Motley Fool Conversations" series, in which Austin Smith, consumer goods editor and analyst, and Andrew Tonner, technology editor and analyst, discuss topics across the investing world.

In today's edition, they note that Moore's Law -- the law that states semiconductor capacity will double every 18 to 24 months -- proves true again, despite the massive size of the semiconductor industry, which continues to grow. It appears poised to hit $302 billion in 2011, breaking the $300 billion barrier for the first time. Estimates of continued growth in 2012 and '13 appear impressive.

Austin Smith and Andrew Tonner own no shares of the companies mentioned here. The Motley Fool owns shares of Texas Instruments and Intel and has bought calls on Intel. Motley Fool newsletter services have recommended buying shares of NVIDIA and Intel, writing puts in NVIDIA, and creating a bull call spread position in Intel. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.