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New Alternatives To Silicon May Increase Chip Speeds By Orders of Magnitude.
First time accepted submitter Consistent1 writes "A paywalled article in the "Nature Materials" journal describes the use of Magnetite to achieve ultra fast electronic switching, albeit, at the moment, only at extremely low temperatures. According to a story on Quartz, the team, led by Dr. Hermann Dürr from the Stanford Institute for Materials and Energy Sciences hopes 'to continue the experiment with materials that can operate at room temperature. One possibility is vanadium dioxide.' Chips utilizing this technology may operate at clock cycles thousands of times faster than the silicon-based chips used today."
I taught we already had gallium-arsenide transistors. The problem is cost as it is reserved for application where power enveloppe is very thin (earing aids) and switching speed is critical (telecom equipment).
Another problem with GaAs and other III-V semiconductors is that they do not scale well, and so you can not pack as many transistors on a chip, and so they just can not compete with silicon in logic. They are quite useful for other applications, but not in your computer. Besides the low temperature hurdle, it's not clear if these new materials will face the same cost and scalability problems as III-Vs.