News Burst: IBM, Sony, Toshiba to spend $400m on new chip
Published: 12 Mar 2001 11:55 GMT
IBM, Sony and Toshiba announced on Monday plans to develop a new kind of microchip specially suited for broadband networks and aimed at consumer computing and electronics devices. The companies said they will contribute more than $400m (about £272m) over the next five years to research and development of the new chips.
More details to follow.
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