After the invention of IC chips the development of computers plunged into next phase. Small Scale Integration and Medium Scale Integration (SSI and MSI) were used in third generation of computers and Large Scale Integration and Very Large Scale Integration (LSI and VLSI) are being used in fourth generation of computers. People are now expecting ULSI (Ultra Large Scale Integration) Circuits to be used for fifth generation computers.

Microfloppy disks (3.5 inch) if it is high density (MF2HD) can store 1.44 MB and if it is low density (MF2DD), it can store 720 KB. Mini Floppy disks (5.25 inch) if it is high density (MD2HD) can store 1.2 MB and low density (MD2DD) stores 360 KB of data.

There are three different classes of computer network namely, Local Area Network (LAN) that covers a small geographical area such as a room, a building or a compound; Metropolitan Area Network (MAN) that has a citywide coverage; and Wide Area Network (WAN) that covers the whole globe or beyond the globe.

MICR (Magnetic Ink Character Reader) is kind of scanner that can scan and identify the writing of magnetic ink. This device is used in banks to verify signatures in Checks.

An integrated circuit or monolithic integrated circuit (also referred to as IC, chip, and microchip) is an electronic circuit manufactured by the patterned diffusion of trace elements into the surface of a thin substrate of semiconductor material.