This lecture covers the operation of a counter sequencer for LED displays, including binary counting, sequence decoding logic, and ROM memory. It explains the complete realization of LED displays with a counter sequencer, illustrating the sequence of animations and state diagrams. The lecture also delves into the design of an 8-bit counter, the binary counter's input and output, and the complete sequencer with an oscillator and combinatorial logic. Additionally, it discusses ROM memory as a combinational system, different ROM technologies like PROM, EPROM, and EEPROM, and the integration of a counter sequencer with ROM in a microcontroller.