HP Labs researchers have tackled a decades-old mystery relying on powerful ALS microscopy techniques—to better understand the fourth basic circuit element: the memristor. The memristor (short for “memory resistor”) joins the other passive elements—the capacitor, the resistor, and the inductor—to create a device with the ability to “remember” changes even when it loses power. Commercial development based on memristors offers the promise of computing systems with highly advanced energy efficiency and memory retention. Memristor-based memory could be a strong competitor for current flash memory.