Over 20 Japanese companies are collaborating with US chip makers to develop magneto-resistive random access memory (MRAM) technology, producing a memory chip called MRAM.
The joint project will be headed by Micron Technology, a US-based chip maker, and Tokyo Electron, and is expected to be completed within three years.
MRAM technology is said to offer ten times more memory capacity than DRAM and reduce power consumption by about two-thirds.
Upon completion of the project, companies are expected to start mass producing MRAM chips from 2018, Nikkei reported.
MRAM is also expected to offer faster computing times and lower energy consumption, resulting in longer battery lives.
Companies joining the project research at Tohoku University in Sendai include Shin-Etsu Chemical, Renesas Electronics and Hitachi.
