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Intel pays to keep Ovonyx going

Posted: 21 Oct 2005 ?? ?Print Version ?Bookmark and Share

Keywords:intel? ovonyx? chalcogenide? phase-change non-volatile memory? memory?

Ovonyx Inc., a research company investigating chalcogenide-based phase-change non-volatile memory technology, has received an additional investment from Intel Capital. Financial terms were not disclosed but the cash would be used mainly to support "ongoing development activities" according to Ovonyx' CEO.

Ovonyx is a subsidiary of Energy Conversion Devices Inc., which researched the chalcogenide technology for many decades without being able to commercialize it in a solid-state device. Ovonyx was set up to continue the research and scored development contracts with Intel Corp. and STMicroelectronics at the beginning of this decade.

In February 2000, Ovonyx announced that Intel Capital had made an investment in the company and that Ovonyx had licensed its phase-change memory technology to Intel. The two companies have been working together since then to develop and demonstrate the feasibility of high-density, non-volatile memory based on the technology.

"Intel's incremental investment in Ovonyx reflects our continued interest in exploring the potential of the technology as a future nonvolatile memory alternative," said Stefan Lai, vice president and director of California Technology Manufacturing at Intel, in a statement issued by Ovonyx (Santa Clara, Calif.).

The investment would be used mainly to support ongoing development activities at Ovonyx according Tyler Lowrey, president and chief executive officer of Ovonyx, in the same statement.

STMicroelectronics said it was entering product engineering with the chalcogenide memory back in May 2004, but no significant announcements on the technology have followed from ST since then.

- Peter Clarke

EE Times

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