Report: Nanomemory begins to take shape

Chicago (IL) - In a white paper released Wednesday, market research firm Nanomarkets said that nanomemory is not science fiction anymore and is set to account for a major share of the total memory market by the end of the decade, especially in the mobility and pervasive computing sector.

Nanotechnology has been a buzz word in the financial and IT industry for several months. While major breakthroughs in bringing nanotech to the market are still rare, analysts at Nanomarkets believe that unlike other potential developments in nanoelectronics, such as quantum computing for example, nanomemory will soon generate significant revenues, reaching $3.1 billion in 2006.

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Nanomarkets said that a key reason for the increasing demand for nanomemory is the fact that it is a "key enabling technology for mobile communications and computing along with portable consumer electronics." As applications that most needed nanomemory, respondents ranked mobile computing, cell phones and other handhelds, sensors, smart cards and "disposable products."

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Wolfgang Gruener
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