Final answer:
The statement is false; processor speeds have increased from MHz to GHz since the introduction of the 8088 CPU chip, in line with Moore's Law.
Step-by-step explanation:
The statement is false. Since the advent of the 8088 CPU chip, processor clock speeds have actually increased from the MHz range to the GHz range. When the 8088 chip was introduced, its clock speed was measured in megahertz (MHz), which is millions of cycles per second. Modern processors operate in the gigahertz (GHz), which represents billions of cycles per second. This means that computer processing speed has increased tremendously over the years, allowing CPUs to execute hundreds of millions of instructions per second, as seen in the capabilities of the Pentium chips mentioned. This contradicts the idea that clock speeds have decreased, instead illustrating the effects of Moore's Law, which states that the number of transistors on microchips doubles approximately every two years, leading to exponential increases in computing power.