Cloud computing and flash-based storage, two fast-emerging IT technologies, are driving each other forward as users of Internet-based services like social networks demand near-real-time access to ever-growing amounts of data.

When we asked Jensen about Globalfoundries, the big man from Nvidia said that Nvidia likes to work with companies that are customer centric. Since TSMC has 200 customers its kind of hard to be in center of attention, while such a thing might be possible with some alternative fab companies, such as Globalfoundies.

Advanced Inquiry Systems, a developer of wafer-level sensing systems for memory testing, has closed an US$11 million Series B financing round with all its current investors participating.

Sony Entertainment has announced it is reducing the price of its PlayStation 3 games consoles. In Europe the price has been lowered to 299 euros, in the US to US$299 and in the UK to £249.99.

"The cost involved in shrinking features to improve performance is a limiting factor in keeping pace with Moore's Law and a concern across the semiconductor industry," said Spike Narayan, manager, Science & Technology, IBM Research. "The combination of this directed self-assembly with today's fabrication technology eventually could lead to substantial savings in the most expensive and challenging part of the chip-making process."

Converge has tracked increased demand from module manufacturers for 128x8 DDR2 chips, both in PC667 and PC800 speeds. However, there are mixed opinions on why the market has become so tight for these modules.

Samsung Group's former chairman Lee Kun Hee was found guilty of breach-of-duty for his role in causing losses at Samsung SDS.

A US federal court has ordered Microsoft to pay over US$290m for wilfully infringing on a patent by Canadian firm i4i.