His name was Leon Chua and he believed -- for reasons of symmetry -- that an extra component could one day be constructed to join the resistor, the capacitor and the inductor.
He called it "memristor", a portmanteau of the words memory and resistor.
Who'll be the first to announce a Memristor tapeout date?
Resistors have inductance and capacitance, capacitors have resistance and inductance and inducers have capacitance and resistance. It's just a matter of what properties are maximized and which ones are minimized. Can't say I see any "groundbreaking" technology in that article.