We aim to discover, understand, and fabricate novel materials and device structures for information storage and processing. A particular emphasis is on increasing energy efficiency of the next generation computing. Recently, we have celebrated 50 years of Moore's law: doubling chip performance every two years by making devices smaller. This avenue of progress appears to have ended due to high energy dissipation per elementary computation and circuit "heat death". The projected energy consumption by IT technology will equal global energy production before 2040. Since the consumers are unlikely to give up the iPhones and data centers, the only way forward is to make IT devices more energy efficient. This will require radical reinvention of the technology including new materials, different device structures, and novel system architectures and algorithms.
This realization inspired a moonshot concept:
"Create a new type of computer that can proactively interpret and learn from data, solve unfamiliar problems using what it has learned, and operate with the energy efficiency of the human brain."
- White House announcement: Grand Challenge for Future Computing, October 20, 2015.