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Microprocessor

This generation can be characterized by both the jump to monolithic integrated circuits(millions of transistors put onto one integrated circuit chip) and the invention of the microprocessor (a single chip that could do all the processing of a full-scale computer).  By putting millions of transistors onto one single chip more calculation and faster speeds could be reached by computers. 

Because electricity travels about a foot in a billionth of a second, the smaller the distance the greater the speed of computers.

However what really triggered the tremendous growth of computers and its significant impact on our lives is the invention of the microprocessorTed Hoff, employed by Intel (Robert Noyce's new company) invented a chip the size of a pencil eraser that could do all the computing and logic work of a computer.  The microprocessor was made to be used in calculators, not computers. 
It led to the invention of personal computers, or microcomputers. It wasn't until the 1970's that people began buying computer for personal use.  One of the earliest personal computers was the Altair 8800 computer kit.  In 1975 you could purchase this kit and put it together to make your own personal computer. 

In 1977 the Apple II was sold to the public and in 1981 IBM entered the PC (personal computer) market.

Ted Hoff, inventor of The microprocessor.