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  Toshiba, NEC to jointly develop MRAM memory chip
Time: 05:56 EST/10:56 GMT | News Source: Reuters | Posted By: Chris Hedlund

Japan's two largest chipmakers, Toshiba Corp (Tokyo:6502.T - News) and NEC Corp (Tokyo:6701.T - News), said on Tuesday they have agreed to jointly develop next-generation memory chips that reduce power consumption to compete with overseas rivals.

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