The 555 timer IC was first introduced around 1971 by the Signetics Corporation as the SE555/NE555 and was called "The IC Time Machine" and was also the very first and only commercial timer ic available. It provided circuit designers and hobby tinkerers with a relatively cheap, stable, and user-friendly integrated circuit for both monostable and astable applications. Like an acarid, this chip is widely present in our everyday life but rather invisible at the same time.