WebProNews

With a blistering write process, Samsung has created memory devices capable of storing high-definition (HD) video.

Samsung's new chip will have a write speed of 16MB/second, enabling the storage of HD content. The new 70 nanometer process means the Korean electronics giant will be able to make the smallest memory chip on the market.

Its small size will make it ideal for its destination market of mobile phones and digital cameras, among other devices.

Another benefit of Samsung's product will be its ability to retain data after power to a device has been turned off.

Prospects for the new chip look very bright for Samsung. Gartner Dataquest analysts predict the chip may take about 30 percent of the $8 billion USD market for 4Gbit flash memory devices.

Samsung already leads the market, with about a 60 percent market share. That easily surpasses second place Toshiba's 25 percent share.

Another benefit of the mass production process for the new chip will be a dropoff in flash memory devices pricing. That may lead to a market shakeout, where smaller manufacturers unable to compete on price will falter or be acquired by their larger rivals.

David Utter is a staff writer for WebProNews covering technology and business. Email him here.