It was developed in the year 1970 by Signetic Corporation and designed by Hans Camenzind in 1971.ĥ55 Timer is a versatile and most usable device in the electronics circuits and designs which work for both stable and monostable states. In more simple words, 555 Timer is a monolithic timing circuit, which can produce accurate timing pulses with 50% or 100% duty cycle. In other words, 555 Timer is a circuit which may be connected as a stable or monostable multivibrator.
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