For the R&D efforts, around $61.21 million of the $123 million would be provided by the Ministry of Economy, Trade and Industry of Japan. The rest will come from the members of the consortium, according to the Nikkei report.Intel is currently working on a 32 nanometer NAND (nm – a millionth of a millimeter) process, which it hopes to shrink down to 22nm within two years.
According to the Nikkei report, Toshiba and Samsung hope to use the technologies to make 10 nanometer-class NAND flash memory and other chips, while Intel will likely use it to develop faster microprocessors. This will pave the way for a stamp-sized chip to hold 400 gigabytes, equivalent to approximately 100 high-definition movies.
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