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H-P and SanDisk partner on new memory chips to counter Intel-Micron alliance


Hewlett-Packard Co. HPQ, +2.70% and SanDisk Corp. SNDK, +2.27% are collaborating on a new breed of memory chips, the latest entry in a widening race to improve a basic building block of computers and other devices.

The companies, which are announcing the partnership Thursday, predicted that their forthcoming chips will be 1,000 times faster than flash memory, which is commonplace in smartphones and rapidly moving into corporate data centers. The new chips also will be able to replace the...