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Samsung showed us its development on the successor of flash memory. It was 30x faster and more reliable than flash memory. But now a consortium of companies namely IBM, Macronix and Qimonda are developing a storage device which will make the flash memory a thing of the past. The prototype device will be exhibited at the IEEE conference in San Francisco. It boasts phase-change memory which helps it to be 500 times more faster than its flash counterpart and consuming less than one half the power. All this can be achieved even when it is scaled down up to 22-nanometer node.

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[Via TechWorld]