Intel puts more money into Ovonyx

Oct. 19, 2005 — Ovonyx Inc., a Santa Clara, Calif.-based memory technology developer, announced that Intel Capital has made an additional investment in the company. Financial terms were not disclosed.

Ovonyx memory technology uses a reversible phase-change memory process that has been previously commercialized in rewritable CD and DVD optical memory disks. The company says the technology can be used in mobile computing, communications, and information appliances, as well as embedded applications in microcontrollers and logic processors.

In February 2000, Ovonyx announced that Intel Capital had made an investment in the company and that Ovonyx had licensed its phase-change memory technology to Intel. The two companies have been working together since then to develop and demonstrate the feasibility of high-density, non-volatile memory based on the technology.

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