
Well, from my current understanding, molecular electronics seeks to use individual molecules to perform functions in electronic circuitry now performed by semiconductor-based solid-state microelectronics (which is the hardware for the brain of the computer). Individual Molecules are being studied to perform functions such as switches, wires and memory elements. These functions have been accomplished by individual molecules in the lab. However, bringing together the billions of functions that are currently being performed on a semiconductor over to the moleuclar level is where the challenge begins.
Individual molecules are hundreds of times smaller than the smallest
features
conceivably attainable by semiconductor technology. Some research done by
companies such as CALMEC
suggest that this new technology has vast implications on the electronic
future. They have performed research on this new technology which
has brought up some probable results:
One problem with current silcon based chips is that of the decreasing size. When something is small enough to the point where you are dealing with individual atoms, quantum effects take over. In quantum theory, the Heisenberg uncertainty principal states that just the act of observing such atomic snippets effectively alters the behavior of that which you are observing (i.e., to see it is to change it.) As a consequence, it is impossible to ever know what is precisely going on in the atomic realm. As Franco Vitaliano states "One possible way to overcome quantum effects is to create redundant circuits. By using their summed signals, it may ensure that you are getting predictable behavior out of the Lilliputian circuits, uncertainty principal or no. But as transistor-based systems are not naturally redundant, this feature has to be fabricated in, which adds extra costs to an already expensive proposition. By taking advantage of this natural redundancy, and using averaged output, the molecular systems designer can reasonably predict that the data is being handled correctly, despite quantum effects. This particular technique has been termed ensemble averaging
One problem which molecular electronics may overcome is that of heat loss due to silicon based ciructs; these integrated circuts which work only in one direction (I.E. an AND gate) and are thus irreversible in their operation result in a consequence of the second law of thermodynamics, which in one form states that irreversible process create entropy (or heat). So, whenever an AND gate clears (destroys) one bit of data, it also generates heat. As you build ever faster and denser silicon-based processors that are irreversible in operation, heat dissipation eventually becomes a huge obstacle. In nature, biological systems rely on reversible chemical reactions. Thus, biomolecular materials might be a medium for resolving this issue.
Electrical Engineering is such a broad field that it is hard to choose a path in which to pursue. I belive that molecular electronics will have a profound effect on the future of both computing and living. I think that Kevin Kelly sums it up when he states in his book "Out of Control" that "as we improve our machines they will become more organic, more biological, more like life, because life is the best technology for living. Someday the difference between machines and biology will be hard to discern. Yet "pure" life will still have its place."

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