A consortium of mainly Japanese chipmakers will challenge the US dominance of microprocessors by developing a low cost, superfast device.
The companies involved are nine Japanese semiconductor manufacturers and Italy's SGS Thomson Microelectronics. The nine organisations are Fujitsu, Toshiba, Matsushita, NEC, Hitachi, Mitsubishi, Sony, Fuji Xerox and Texas Instruments Japan.
The group claims it will create microprocessors that are twice as fast as current models and wll cost half as much. However, they will not have products until at least 1998.
Are you paying attention?
Private equity firm Permira only acquired Magento from eBay for $200m three years ago
Before robots can take over from humans, we need more humans
It's not easy not being evil