Hewlett Packard (HP) and Hynix are teaming up to promote the use of ReRAM in future electronic devices. The next-generation chip - which is based on memristor technology - could eventually replace flash memory used in today's mobile phones and MP3 players.

Indeed, ReRAM is a natural choice for mobile devices due to low power consumption and non-volatile memory that is capable of fulfilling the traditional roles of flash, DRAM and even hard drives.