What is the relationship between transistors and computing power according to Moore's Law?

Moore's Law states that the number of transistors on a microchip doubles approximately every two years, which is closely related to the exponential increase in computing power. As more transistors are packed into a given space on a chip, it allows for more complex calculations to be performed simultaneously. This increase in parallel processing capabilities enhances the overall performance of computing systems.

With a higher transistor count, processors can handle more tasks at once or operate at higher speeds, effectively improving performance and efficiency. This principle has driven advancements in technology for decades, leading to increasingly powerful computers, smartphones, and other smart devices. Consequently, the doubling of transistors results in a significant and rapid increase in computing capabilities, aligning perfectly with the assertion made in the correct answer choice.