Explain the term 'Transistors'?

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Transistors are electronic switches that may or may not allow the flow of current in a current path.
★ When it allows current to flow, the switch is ON. This represents 1 bit.
★ When it does not allow current to flow, the switch is OFF. This represents 0 bit.
★ Transistors are placed into chips also known as IC. They measure in mm`s and are known contain millions of transistors.
★ Microprocessors these days are created using microns as their measuring size.
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