LM stand for Liner Monolithic ic that is the National Instrunt perfix, I My right
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An LM324 IC contains operational amplifiers. LM324 ICs can be used for different purposes in circuits, such as oscillators, rectifiers or oscillators as well.
LM stands for "Linear Monolithic"
The "LM" stands for Linear Monolithic" and is just part of the part-number that National decided to use for this famous timer IC. The LM prefix is still used for a lot of medium complexity analog chips, like regulators and op-amps.
It's a prefix of the IC products of 'Linear Monolithic' category of National semiconductors.
linear monolithic