NE555 and IC555 are the same and there is no difference (Jeph)
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network electronics
difference between detector and diode
what is the difference between miniature circuit breaker and fuse
A Universal is a choice of words but this chip is widely used as a timer the accuracy for long elapse time is very good so that is widely used
difference between series is one pathway through circuit,difference between parralal is more then one pathway through circuit.