IBM and Micron: We Can Boost Memory Speeds 15-Times

International Business Machines (NYSE:IBM) and Micron Technology Inc. (NASDAQ:MU) have announced plans to produce a new memory chip to boost memory speeds by 15-times.

The companies disclosed the project today and said they will produce a commercially-manufactured Hybrid Memory Cubechip by Micron. The company is the United States’ largest manufacturer of memory chips as well as one of largest in the world.

IBM will contribute by manufacturing and supplying the “controller” silicon that will be used in both the chip’s memory and in its 3D technology, which is based upon through-silicon via (TSV) conduits that electrically connect a stack of individual chips. This will be used with Micron’s dynamic random access memory.

In a statement today, IBM (NYSE:IBM) said, “IBM’s advanced TSV chipmaking process enables Micron’s Hybrid Memory Cube to achieve speeds 15 times faster than today’s technology.”

Networking and high-performance computing will utilize this new technology but the companies believe in the future, it will appear in consumer goods. The new chips are expected to ship in 2012’s second half.

Here’s how chip stocks are trading now:

Micron Technology Inc. (NASDAQ:MU): MU shares recently traded at $5.60, down $0.02, or 0.36%. They have traded in a 52-week range of $3.97 to $11.95. Volume today was 12,393,203 shares versus a 3-month average volume of 38,884,500 shares. The company’s trailing P/E is 32.91, while trailing earnings are $0.17 per share.

Intel Corporation (NASDAQ:INTC): INTC shares recently traded at $23.63, up $0.17, or 0.72%. They have traded in a 52-week range of $19.16 to $25.50. Volume today was 25,786,394 shares versus a 3-month average volume of 62,727,300 shares. The company’s trailing P/E is 10.23, while trailing earnings are $2.31 per share.

Rambus Inc. (NASDAQ:RMBS): RMBS shares recently traded at $7.66, down $0.26, or 3.28%. They have traded in a 52-week range of $16.76 to $25.50. Volume today was 945,622 shares versus a 3-month average volume of 766,061 shares. The company’s trailing P/E is 45.06, while trailing earnings are $0.17 per share.

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