The Next Big thing? The memristor, a microscopic component that can "remember" electrical states even when turned off. It's expected to be far cheaper and faster than flash storage. A theoretical concept since 1971, it has now been built in labs and is already starting to revolutionize everything we know about computing, possibly making flash memory, RAM, and even hard drives obsolete within a decade.

Illustration: Randy Lyhus

The memristor is just one of the incredible technological advances sending shock waves through the world of computing. Other innovations in the works are more down-to-earth, but they also carry watershed significance. From the technologies that finally make paperless offices a reality to those that deliver wireless power, these advances should make your humble PC a far different beast come the turn of the decade.

The Future of Your PC's Hardware

Memristor: A Groundbreaking New Circuit

This simple memristor circuit could soon transform all electronic devices. Courtesy of HP

Since the dawn of electronics, we've had only three types of circuit components--resistors, inductors, and capacitors. But in 1971, UC Berkeley researcher Leon Chua theorized the possibility of a fourth type of component, one that would be able to measure the flow of electric current: the memristor. Now, just 37 years later, Hewlett-Packard has built one.

What is it? As its name implies, the memristor can "remember" how much current has passed through it. And by alternating the amount of current that passes through it, a memristor can also become a one-element circuit component with unique properties. Most notably, it can save its electronic state even when the current is turned off, making it a great candidate to replace today's flash memory.

Memristors will theoretically be cheaper and far faster than flash memory, and allow far greater memory densities. They could also replace RAM chips as we know them, so that, after you turn off your computer, it will remember exactly what it was doing when you turn it back on, and return to work instantly. This lowering of cost and consolidating of components may lead to affordable, solid-state computers that fit in your pocket and run many times faster than today's PCs.

Someday the memristor could spawn a whole new type of computer, thanks to its ability to remember a range of electrical states rather than the simplistic "on" and "off" states that today's digital processors recognize. By working with a dynamic range of data states in an analog mode, memristor-based computers could be capable of far more complex tasks than just shuttling ones and zeroes around.