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HP has partnered with Hynix Semiconductor in developing and manufacturing a new form of computer memory. The joint development agreement has the two companies working together to bring an HP-developed memristor to market in the form of a future memory product called Resistive Random Access Memory, or ReRAM. A memristor is a circuit element within the memory chip.

The ReRAM is non-volatile memory with lower power consumption and much greater storage capacity than Flash used in mobile phones and MP3 players today. The technology also has the potential of becoming a replacement for hard drives and DRAM system memory used in computers today.

HP believes devices incorporating memristor-based chips could hit the market in five years. Such devices would include handheld gadgets offering 10 times greater embedded memory than exists today. In addition, supercomputers could be made "dramatically faster" than what's predicted in Moore's law.

Related:
HP, Hynix To Collaborate On Memristor Memory Technology

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