Storage Startup Nanochip Receives Funding

Startup Nanochip to move its new CMOS-compatible memory technology into storage devices for MP3 players, digital cameras and other applications.

Nanochip Inc. recently said it secured $20 million in second-round funding that will be used to take its technology to the product stage.

The company develops a form of "micro-electrical mechanical system" (MEMS) rewritable storage. The CMOS-compatible storage can be used in memory cards and other devices for digital still and video cameras, MP3 players, and other other systems that require high densities of nonvolatile storage.

Read the full story at EE Times