This year's Physics Nobel went to two scientists for their work on graphene. Here's Michio Kaku on graphene in Big Think:
The theory behind the substance graphene was first explored by theoretical physicist Philip Wallace in 1947 as kind of a starting point when he was doing research trying to understand the electronic properties of more complex, 3D graphite. although the name graphene wasn't actually coined until 40 years later, where it was used to describe single sheets of graphite. In other words, it's the name given to a flat monolayer of carbon atoms that are tightly packed into a 2D honeycomb lattice; like a molecular chicken-wire that is one atom thick. It's essentially the basic building block for graphitic materials of all other dimensionalities; it's a stepping stone to building bigger things. Graphene in itself however wasn't discovered until 2004 in its full observable and testable form.
Since then, in the past 6 years, scientists have discovered that the substance retains some amazing properties. Some say that it will be heralded as one of the materials that will literally change our lives in the 21st century. Not only is graphene the thinnest possible material that is feasible, but it's also about 200 times stronger than steel and conducts electricity better than any material known to man—at room temperature. Researchers at Columbia University's Fu Foundation School of Engineering who proved that graphene is the strongest material ever measured said that “It would take an elephant, balanced on a pencil, to break through a sheet of graphene the thickness of Saran Wrap.”
If you follow my work, you have surely heard me speak about Moore's Law and the race to find a suitable replacement for silicon semi-conductors. Graphene may in fact be the answer to these problems.