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Technology Stocks : WDC/Sandisk Corporation

WDC 152.88

-5.9%

Nov 18 3:59 PM EST

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From: shlomi cohen	12/3/2007 6:10:52 AM
	Read Replies (1) of 60323

SEOUL (Dow Jones)--Samsung Electronics (005930.SE) and Toshiba Corp. (6502.TO) have agreed to a cross-license pact covering premium NAND flash memory chips, both companies said Monday. The world's two largest makers of NAND flash memory chips by shipments will develop, produce and sell products from next year, using each other's original source technology, the companies said in a joint statement. NAND flash memory chips are widely used in consumer electronics devices, such as MP3 players and digital cameras. Under the agreement, Samsung will license product specifications of two types of NAND chips, called OneNAND and Flex-OneNAND, while Toshiba will license technology on its LBA-NAND and mobileLBA-NAND flash chips to Samsung.

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