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The Age of Integration
A processor is a piece of silicon which knows how to read instructions from memory and execute them. The differences in IO chips and video interface chips are what make the difference between an Apple II and a Commodore 64. Amiga was famous for having special custom chips. In mobile phones, it doesn't make sense to have four or five different chips on your circuit board - why don't you just combine them all together? So now you've taken the entire PC motherboard and you've shrunk it down to a single piece of silicon.