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NEC and Toshiba team up

Joint developments are underway by Japanese companies NEC Corp. and Toshiba Corp. to create an improved memory chip over the industry’s current standard, Dynamic Random Access Memory (DRAM) chips. Industry observers say the new chips called Magnetic Random Access Memory (MRAM) chips could lower power consumption substantially for personal computers as well as other portable electronic devices. While the two Japanese companies are co-developing a chip, they did not say whether they would also mass-produce and sell the new chips jointly. If the new chips can be mass-produced, annual demand could reach several trillion yen. MRAM chips are set to enter the market in 2005.

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