During Tuesday’s Morning trade, Shares of SanDisk Corporation (NASDAQ:SNDK), dropped -0.65% to $62.40. The firm opened its current trade at $62.22, and as of now, it is trading at $62.50. The total volume traded for the day is 153,407.00 shares, as compared to its average daily volume of 3.97M shares. The stock is floating in a range of $ 61.87 - $ 62.66. The stock holda the market capitalization of $12.66B.
SanDisk Corporation (SNDK), and HP (HPQ) declared a long-term partnership to collaborate on a new technology within the Storage Class Memory (SCM) category. The partnership will center around HP’s Memristor technology and expertise and SanDisk’s non-volatile ReRAM memory technology and manufacturing and design expertise to create new enterprise-wide solutions for Memory-driven Computing. The two companies also will partner in enhancing data center solutions with Solid State Drives (SSDs).
“We are very excited to deepen our relationship with HP and enhance its leadership offerings by using our complete portfolio of enterprise SAS, SATA and PCIe products, and leading-edge enterprise system solutions,” said Siva Sivaram, Executive Vice President, Memory Technology, SanDisk. “Our partnership to collaborate on new SCM technology solutions is predictable to revolutionize computing in the years ahead.”
This technology is focused on addressing the massive streams of data generated by the convergence of social media, security, mobility, big data analytics, cloud and the Internet of Things. The partnership aims for the companies to augment existing flash memory-based SSD product lines with this technology, providing high-performance storage solutions to enterprise data centers. It also aims to contribute to HP’s breakthrough new computing model, The Machine, which reinvents the fundamental architecture of computers to enable a quantum leap in performance and efficiency, while lowering costs and improving security.
“The onslaught of data facing enterprises will continue to be a challenge for the foreseeable future. We are excited to be working with SanDisk as they share an understanding of the significance of this challenge, and more importantly share a vision that the solution lies within Memory-Driven Computing,” said Martin Fink, Executive Vice President and HP Chief Technology Officer. “Together, we plan to bring new memory solutions to market and accelerate adoption in the enterprise, while simultaneously advancing HP’s development of The Machine to enable a new computing model over the long term.”
SanDisk Corporation designs, develops, manufactures, and markets data storage solutions in the United States and internationally. The company offers removable cards, which are used in various applications and consumer devices, counting digital cameras, camcorders, smartphones, tablets, and eReaders under the SanDisk Ultra, SanDisk Extreme, and SanDisk Extreme PRO brands; and embedded products that are used in mobile phones, tablets, notebooks, and other portable and wearable devices, in addition to in automotive and connected home applications under the brand name iNAND.
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