The Semiconductor Research Corporation (SRC), now entering its thirteenth year, is implementing an innovative form of industry—university cooperation in research that is directed to integrated circuits. SRC's mission is to plan, promote, coordinate and sponsor research that will result in: (1) new knowledge of semiconductor materials and phenomenon, and of related scientific and engineering subjects that are required for the useful applications of semiconductor I.C.'s; (2) the development of new and more efficient design and manufacturing technologies for semiconductor devices; (3) timely and efficient transfer of the results of the research to its industrial members; (4) an increase in the number of scientists and engineers who are proficient in all aspects of semiconductor technology, design and manufacture. The era of microelectronics started with the invention of transistors in the 1940's; but the revolution was really ignited with the invention of the integrated circuit in the 1950's. Since that time, the product development has been characterized by explosive world-wide growth. The SRC is a natural derivative of this global growth.