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From Retro Thing:
I don't think much about the innards of my electronic gadgets. The components -- the integrated circuits and such -- might as well be magic beans. But the more I read about the 555 timer, the more awe-inspiring the little nugget becomes. Invented four decades ago by Hans Camenzind (and, amazingly, never patented), he estimates about 1 billion 555 chips are produced per year. You can buy one retail for about a quarter.
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