Toshiba and SanDisk to expand NAND Flash Memory production

February 25, 2008 Toshiba Corporation and SanDisk have announced the signing of a non-binding memorandum of understanding to form a new production joint venture and construct a new 300 millimeter (mm) wafer fabrication facility (fab), in Japan to meet the anticipated future demand for NAND flash memory. This latest announcement underscores the commitment of Toshiba and SanDisk to the rapidly expanding market for NAND Flash memory, which has become the storage technology of choice for a growing number of consumer and computing devices, including memory cards.

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