Jan. 14, 2004 — Nanosys Inc. (News, Profile), a Palo Alto, Calif., developer of nanotechnology-enabled systems, announced today it has entered into a collaborative agreement with Intel Corp. (Quote, News) to work on memory-related technologies.
Under the exclusive agreement, Intel will support nanotechnology efforts at Nanosys that could be useful in memory products.
The company also announced that Intel Capital, the firm’s strategic investment group, participated in its second financing round that closed earlier this year.
Nanosys also announced that Sass Somekh has joined its board of directors. Somekh was formerly an executive vice president and a board member of Applied Materials Inc., a leading supplier of semiconductor tools and services.