Will speed data-intensive tasks like real-time tracking of diseases.
Intel and Micron Technology have unveiled a new memory chip technology that is claimed to be 1000 times faster than NAND flash memory used in the majority of mobile devices.
The 3D XPoint technology is the first new memory chip to come to market in over 25 years. It has the capacity to transform the vast amount of digital data into valuable information in nanoseconds.
The technology is claimed to have 1,000 times greater endurance, when compared to NAND, and is 10 times denser than conventional memory.
It will help in improving data-intensive tasks like real-time tracking of diseases and immersive realistic gaming.
The performance benefits of 3D XPoint technology are expected to improve the PC experience, enabling consumers to have faster interactive social media and collaboration, the companies said.
Intel non-volatile memory solutions group senior vice president and general manager Rob Crooke said: "For decades, the industry has searched for ways to reduce the lag time between the processor and data to allow much faster analysis.
"This new class of non-volatile memory achieves this goal and brings game-changing performance to memory and storage solutions."
Micron Technology president Mark Adams said: "One of the most significant hurdles in modern computing is the time it takes the processor to reach data on long-term storage.
"This new class of non-volatile memory is a revolutionary technology that allows for quick access to enormous data sets and enables entirely new applications."
The 3D XPoint technology is currently in production and will be sampled later this year with select customers.
Intel and Micron are developing individual products based on the technology that are expected to be available in 2016.