The Pierce oscillator is a type of electronic oscillator particularly well-suited for use in piezoelectric crystal oscillator circuits. Named for its inventor, George W. Pierce (1872-1956), the Pierce oscillator is a derivative of the Colpitts oscillator. Virtually all digital IC clock oscillators are of Pierce type, as the circuit can be implemented using a minimum of components: a single digital inverter, one resistor, two capacitors, and the quartz crystal, which acts as a highly selective filter element. The low manufacturing cost of this circuit, and the outstanding frequency stability of the quartz crystal, give it an advantage over other designs in many consumer electronics applications.
R1 acts as a feedback resistor, biasing the inverter in its linear region of operation and effectively causing it to function as a high gain inverting amplifier. To see this, assume the inverter is ideal, with infinite input impedance and zero output impedance. The resistor forces the input and output voltages to be equal. Hence the inverter will neither be fully on nor fully off, but will operate in the transition region where it has gain.
Extremely low cost applications sometimes use a piezoelectric PZT crystal ceramic resonator rather than a piezoelectric quartz crystal resonator.
The crystal in combination with C1 and C2 forms a pi network band-pass filter, which provides a 180 degree phase shift and a voltage gain from the output to input at approximately the resonant frequency of the crystal. To understand the operation, note that at the frequency of oscillation, the crystal appears inductive. Thus, the crystal can be considered a large, high Q inductor. The combination of the 180 degree phase shift (i.e. inverting gain) from the pi network, and the negative gain from the inverter, results in a positive loop gain (positive feedback), making the bias point set by R1 unstable and leading to oscillation.