Jayesh MansukhaniJul 09, 2006 16:30:32 IST
In an effort to catch the Samsung memory juggernaut, which has garnered a rather large part of the Flash memory market, Toshiba and SanDisk have joined up to spend about 600 billion yen ($5.2 billion) to build a new flash memory plant in Japan.
They will build a NAND-type flash memory factory in the Iwate prefecture in northern Japan and begin operations there in the 2008-2009 fiscal year. This alliance makes a lot of sense as the market for NAND memory is all set to explode in a major way and together the companies can jointly capitalize on this rapidly expanding market.
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