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I personally think Moore's Law has relatively little to do with the comment. It was more about circuit design for efficiency and speed vs die sizes and increased performance. Moore's law is not about the design itself.
Think: component placement on the manufacturing line and spacial locality to improve throughput.
Your speaking of what we called back in the day "the banana curve"... which was lingo for the trade off between area vs. speed (when power and manufacturability were much less of a concern). Either way you are optimizing the chip - your goals can vary. Most often people wanted a particular clock speed with the smallest area.
when I think of a manufacturing plant, you want the fastest output of cars first, and then when you realize the bottleneck, the rest is to optimize floor space.
Moore's law is relevant as when chips could get denser, automation is what was needed (my former industry). In the early days all this was done by hand. Then when things got dense enough, drawing it by hand (or symbolically in a computer program) was time consuming. And as things got bigger, computer algorithms were developed to automate making things faster and smaller... and then power sensitive etc... So as Moore's law occurred, these algorithms changed along with it.
I'm thinking just as there was an inflection point in the 80s to develop this automation, perhaps now there is enough skilled robotic technology on the line to do some similar things now on the factory floor.