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Intel invested into nano-memory


Thursday, January 15, 2004 Nanosys Inc. said Wednesday (Jan. 14) it will work with Intel Corp. to investigate using nanometer technology for future memory systems.

Intel will support nano-related technology efforts at Nanosys for possible use in memory products. According to the agreement, Nanosys and Intel will work together exclusively on certain areas of memory-related technologies for a specified period of time.

Nanosys is performing research into chemically and biologically sensitive materials and has created numerous nanometer-scale structures including nanowires, nanorods, nanotetrapods and nanodots from semiconductor materials.

"We're very pleased about working with Intel in such an exciting area of opportunity," said Calvin Chow, Nanosys co-founder and chief executive officer.

"Investments in companies like Nanosys play an important role in exploring novel applications of next-generation materials," said David Tennenhouse, vice president and director of research at Intel. "This collaboration will combine the strength of Intel in semiconductor memory technologies and the strength of Nanosys in certain advanced nanomaterials.

Nanosys also announced that Intel Capital, the strategic investment group at Intel, participated in Nanosys' $38 million second-round financing that closed in May 2003.

By: DocMemory
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