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So Long, Transistor: How the 'Memristor' Could Revolutionize Electronics

In 1971, a physicist conceptualized the existence of a fourth fundamental element in the electronic circuit, besides the three that were already in use at the time.

His name was Leon Chua and he believed -- for reasons of symmetry -- that an extra component could one day be constructed to join the resistor, the capacitor and the inductor.

He called it "memristor", a portmanteau of the words memory and resistor.

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