BOSTON (05/10/2000) - Two of the world's major computer memory manufacturers, Toshiba Corp. and SanDisk Corp., have announced plans to create a new semiconductor joint venture to produce flash memory chips.
FlashVision LLC will be equally owned by the two companies, each of which will receive half of the chips produced. Mass production is scheduled to begin in late 2001, with production of 512M-bit NAND-type flash memories to a 0.16 micron rule, the companies said in a statement although spokespersons for both companies declined to disclose planned production volumes.
The chips, which are primarily used in products such as digital still cameras, digital music players and cellular telephones, will be manufactured at the factory of Dominion Semiconductor in Manassas, Virginia. Toshiba and SanDisk will spend US$700 million to equip existing space at the factory of Dominion, a semiconductor joint venture formed by SanDisk and IBM Corp. in which Toshiba is currently purchasing IBM's stake.
The two companies also announced plans to begin working together on development of 1G-bit and 2G-bit flash memory chips at technologies down to 0.13 micron.
The agreement to form FlashVision is expected to be signed no later than June 30, according to the statement.
Toshiba Corp., in Tokyo, can be found online at http://www.toshiba.co.jp/.
SanDisk, in Sunnyvale, California, is online at http://www.sandisk.com/.