Semiconductor

Chip (Integrated Circuit)
A chip, also commonly referred to as an integrated circuit (IC), is a set of electronic circuits on one small flat piece of semiconductor material, typically silicon. These chips form the core of modern electronic devices and systems, from simple gadgets to complex computing systems.
Semiconductor
A semiconductor is a material with conductivity between that of an insulator and most metals, either due to the addition of impurities or because of its inherent atomic structure. It forms the foundation of modern electronic devices.

Accounting Terms Lexicon

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