Japanese companies have dominated the market for computer memory chips since the mid-1980s, but they may soon be facing stiffer competition from the U.S. and Europe. Last week IBM and West Germany's Siemens said they will join forces to develop a chip with a capacity of 64 million bits of information, or four times as much as today's experimental 16-megabit chips.
The Siemens-IBM venture is a welcome boost for the U.S. high-tech industry, which has suffered from a downturn in corporate spending on research and development. According to a study by the National Science Foundation, the growth in U.S. research spending...
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