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Jun 23, 2016 · you can visit this link to know more about this All you need to know about IC 555 sorry for promoting my blog but its the same thing you requested the answer for so i would not retype it. just copy and paste.
The 555 timer is one of the most iconic and popular integrated circuits of all time. It was designed in 1970 by Hans R. Camenzind for the Signetics Corporation. Today – over 40 years later – it is still an immensely popular circuit building block. By some estimates, over a billion 555 timer circuits are built every year.
The 555 timer IC is an integrated circuit (chip) used in a variety of timer, pulse generation, and oscillator applications. The 555 can be used to provide time delays, as an oscillator, and as a flip-flop element. Derivatives provide two or four timing circuits in one package.