Quote:
Motorola's MC14500 was a one-bit CPU the company called an "Industrial Control Unit." 
Thanks, Ed -- that site is worth a visit. I just subscribed to their newsletter.
As for the '14500, that's a chip that intrigued me back in the twentieth century when I first encountered it. 
It operates on data words that are one bit wide, and the opcodes are four bit, yielding just sixteen instructions. But, to my surprise, I found that Motorola's minimalist approach could be abandoned and replaced by something substantially 
simpler!  
  
  
 (With the '14500 you're expected to implement the Program Counter using external logic -- it's not included on-chip.)
See: 
One-bit Computing at 60 Hertz