What is the use of calculating Figure of Merit (FOM) and what is its significance

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What is the use of calculating Figure of Merit (FOM) and what is its significance in the circuit for calculating.
 

Figure of merit with respect to circuits determine the quality of the circuit designed.They determine the performance parameters of the circuit. Common figure of merits in a circuit include Power dissipation, delay time, power delay product, surface area, number of devices used.
 

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