The IBM System/370 Model 145 was announced September 23, 1970, three months after the 155 and 165 models. It was the fourth member of the IBM System/370 line of computers, and was the first IBM computer to use semiconductor memory for its main memory instead of magnetic core memory. It was described as being five times faster than the IBM System/360 Model 40. First shipments were scheduled for late summer of 1971.