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Ferrite Core Memory

Day in Tech History/ IBM

March 4, 1956: IBM Purchased Ferrite Core Memory Patent

Jeffrey Powers @geekazine aggregator, core memory, cray 1, ferrite cores, historical events, IBM, iTunes, japan march, magnetic core memory, million, million dollars, patent issue, playstation, playstation 2, RSS, sony, stitcher, supercomputer, twitter, wang, wang laboratories, world wide web 0 Comments March 4, 2016

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Ferrite Core Memory
March 4, 1956 Ferrite Core Memory was sold to IBM

1956 – An Wang patented Ferrite Core Memory on May 17, 1955. However, IBM used Ferrite cores in their systems and the patent issue started an interesting legal battle. One that ended in IBM purchasing the patent outright for “Several million dollars”. Wang took the funds to build up Wang Laboratories.

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