The article suggested local production, good luck buying land anywhere close to NYC at 100$/acre.
Mores law also failed several times. More revised his initial 1965 estimate for a doubling every year in 1975. He predicted various doubling rates with the weakest form being transistors on a single chip every 2 years starting in 1980.
So, it’s current form isn’t an exponential increase in density but in terms of transistors on a single chip. If density actually doubled every 2 years then starting from 1971 an Intel 4004 @ 188 t/mm then we should have hit 6 million t/mm in 2001 and 197 t/mm in 2011. Except chips only broke 6 million in 2012 (11 years late) and are nowhere near 197 million t/mm in 2022.