The high-density high-volume memory segment is currently dominated by DRAM (a US$95 billion market) and NAND Flash (a US$56 billion market).



As data processing and storage needs continue their rapid increase for mobile devices and cloud data centers, the industry needs a new non-volatile memory with attributes much closer to DRAM (because it is impossible to replace) than to NAND Flash (because it does not need to be replaced).