The motherboard is the main circuit board in a computer that connects all the components together. It contains the CPU and manages communication between all subsystems like storage and graphics cards. Motherboards come in different form factors like ATX, micro-ATX, and mini-ITX. Key components include RAM, ROM, CPU socket, expansion slots, and connectors for peripherals. The motherboard distributes power and contains chips like the Northbridge and Southbridge to manage data flow between components.