The document summarizes the characteristics of third generation computers from 1964-1975. Third generation computers transitioned from using transistors to integrated circuit chips, making them smaller in size than previous generations. They also transitioned from punch cards to electronic computer systems. Key features included increased storage, multi-programming, use of keyboards and monitors, time sharing, and higher level languages. Important developments included the introduction of the IBM360 mainframe in 1964 and the PDP-8 in 1965, the first computer to use cheaper and smaller integrated circuits. In 1969, UNIX introduced a multi-user operating system able to perform multi-tasks.