By John Hudson, Wired

For the first time researchers have created a working prototype of a radical new Chip design based on magnetism instead of electrical transistors. As transistor-based microchips hit the limits of Moore's Law, a group of electrical engineers at the University of Notre Dame has fabricated a chip that uses nanoscale magnetic "islands" to juggle the ones and zeroes of binary code. Wolfgang Perod and his colleagues turned to the process of magnetic patterning (.pdf) to produce a new chip that uses arrays of separate magnetic domains. Each island maintains its own magnetic field.

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Singularity here we come!!