Intel and Micron collaborate to launch 3D XPoint Technology

A new non-volatile memory has been revealed by Intel Corporation and Micron Technology, Inc. It is named 3D XPoint™ technology that brings non-volatile memory speeds up to 1,000 times faster than NAND. It also makes new innovations possible in applications ranging from machine learning to real-time tracking of diseases.
As stated in the official announcement:
"Intel Corporation and Micron Technology, Inc. today unveiled 3D XPoint™ technology, a non-volatile memory that has the potential to revolutionize any device, application or service that benefits from fast access to large sets of data. Now in production, 3D XPoint technology is a major breakthrough in memory process technology and the first new memory category since the introduction of NAND flash in 1989."
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The new memory is called 3D XPoint memory (pronounced 3D crosspoint memory), since its structure creates a lattice-like stacked layer of wires. It combines properties of NAND Flash memory used inside Solid State Drives (SSDs) inside computers and phones. Moreover, its 1,000 times faster and can last through 1,000 times more data writes.
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Rob Crooke, senior vice president and general manager of Intel's Non-Volatile Memory Solutions Group:
"For decades, the industry has searched for ways to reduce the lag time between the processor and data to allow much faster analysis. This new class of non-volatile memory achieves this goal and brings game-changing performance to memory and storage solutions."
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Mark Adams, president of Micron said:
"One of the most significant hurdles in modern computing is the time it takes the processor to reach data on long-term storage. This new class of non-volatile memory is a revolutionary technology that allows for quick access to enormous data sets and enables entirely new applications."