Final answer:
The product in question is a microchip or an integrated circuit, which revolutionized the computer industry and allows complex electronic circuitry to fit within a small chip. It was invented in the late 1950s and has led to the rapid evolution of computers and other electronic devices.
Step-by-step explanation:
The product mentioned in the question is a microchip or an integrated circuit. A microchip is a small piece of silicon that contains a large amount of electronic circuitry. It is used in various electronic devices, such as computers and cell phones, to store and manipulate data.
Microchips revolutionized the computer industry by allowing complex computer technology to fit within a small chip, making personal computers possible. They are manufactured using a process called etching, where transistors are etched onto the silicon surface. This technology has led to the rapid evolution of computers and other electronic devices.
The invention of the integrated circuit in the late 1950s by Jack Kilby and Robert Noyce allowed for the creation of smaller and more efficient electronic devices, without the need for complicated wiring. This innovation has greatly impacted the field of electronics and continues to drive technological advancements.