TOKYO -- Japan's Toshiba Corp. today (July 29) announced it has invested in M-Systems Inc., a Kfar Saba, Israel-based supplier of flash-based data storage products.
Tokyo-based Toshiba and M-Systems also disclosed plans to co-develop NAND flash-based data storage products. The agreement includes the joint development of next-generation products as well as cross licensing of intellectual property (IP).
The development involves M-Systems' flash-disk technology, which provides the functionality of a mechanical hard drive in a silicon chip. More specially, Toshiba has apparently licensed the IP of M-System' DiskOnChip technology.
"Toshiba and M-Systems have worked closely together for many years," said Masashi Muromachi, vice president of Toshiba Corp.'s semiconductor unit, in a statement. "This agreement gives Toshiba important IP that allows us to further expand NAND flash memory applications."