AMD recently set the world record for processor speed at 8.429 GHz. This drive for speed continues to point towards future innovation providing us with continued increase in speeds for processors. The processor when fielded with computers is expected to be rated at 4.5GHz, but for the test was over clocked and cooled with liquid nitrogen at its top speed.
Advances in processor speed do effect numerous government programs attempting to innovate and run these processors in parallel to solve numerous mathematical and computational problems. AMD and Intel's innovation and competitive research in processors consistently pays off for the world at large as the competition pushes up speed and improves technology.
http://gcn.com/Articles/2011/09/13/AMD-FX-processor-Guinness-world-record-speed.aspx?s=gcndaily_140911&Page=1
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