Third Generation (1963-1972)

The third generation introduced huge gains in computational power. Innovations in this time include use of integrated circuits or ICs (semiconductor devices with many transistors built into single physical component), semiconductor memories use were begun instead  of  magnetic  cores,  microprogramming  was  a  technique  for  efficiently designing  difficult  processors,  the  coming  of  age  of  pipelining  and  other  forms  of simultaneous  processing and the introduction of  the operating systems and time-sharing.