Micron Technology, Inc. (NASDAQ:MU) and Intel Corporation (NASDAQ:INTC) are planning to take the semi-conductor industry by storm. The two giants of this industry are working together to bring new developments in the flash memory and NAND technology. They have now come up with the world’s highest density flash memory.
In this technology, layers of data cells are stored vertically and the storage devices thus built have three times higher capacity than any of its competitors. Since the data is more while the storage space is small, this ultimately results in huge cost savings, power reduction and excellent performance. This technology can be used not only on consumer mobile devices but also for enterprise deployments.
Here it may be noted that the Planar NAND technology has already reached its scaling limit. Hence, the 3D NAND technology is set to capture the memory industry by reason of its excellent performance and huge cost savings. This will further help in extending the use of flash storage.
As a result of this collaboration, huge pressure has mounted upon the companies in the semi-conductor industry, related to flash memory, namely SanDisk Corporation (NASDAQ:SNDK) and various others. Micron and Intel bring with them enormous experience in this field and hence they are bound to deliver better products to live up to people’s expectations from them. Thus they are set to pose a serious threat to all their competitors in the industry who are already feeling the pressure.
In this regard, Vice-President of Memory Technology and Solutions at Micron, Brian Shirley, has said that the collaboration of Micron and Intel has helped to create a world-class technology, presently unmatched by any of its competitors. This technology would definitely make a tremendous impact on the market. He also said that this impact of flash memory is just the beginning and more is yet to come.
Meanwhile, Micron shares were up 1.5% at $26.98 on Thursday while those of Intel were up by 1.2% at $30.26. On the other hand, shares of SanDisk were down 18% at $65.87.