This document is a seminar report on memristors submitted for a bachelor's degree. It provides background on the history of memristor theory, which was first proposed by Leon Chua in 1971. However, an actual physical memristor device was not discovered until 2008 by researchers at HP Labs led by R. Stanley Williams. The memristor is described as a new fundamental circuit element that links the relationship between charge and magnetic flux, completing the set of basic circuit variables. The discovery of the physical memristor validates Chua's theoretical predictions from decades earlier and could open up new applications in electronics and computing.