Intel and Micron continue to invest in memory improvements together

Intel and Micron have extended their agreement to develop and produce memory together. Together both companies are planning to bring new memory types on the market such as phase change memory (PCM), which could potentially make SSDs faster and more reliable. The technology to make this possible was recently aquired by purchasing memory manufacturer Numonyx in May 2010.

Besides working on PCM they also work on NAND, DRAM, NOR and some other emerging memory types. The agreement was extended to 2024 and Intel has already made an order for $300 million worth of NAND flash memory as an investment.  Intel will also have the right to buy emerging memory products on a cost-plus basis.