Industry: Beyond the Transistor

Science keeps discovering new worlds and industry keeps conquering them—sometimes absorbing a few casualties in the process. After the transistor was invented, it caused trouble for many vacuum-tube producers, later suffered itself from overproduction and slashed prices. The transistor went on to spur the growth of the U.S. electronics industry to a record $16 billion. But now it has a rival—the microcircuit, a tiny device that represents a bigger advance over the transistor than the transistor did over the bulky vacuum tube. Last year some $20 million worth of microcircuits (mostly as...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!