Ovonyx, Inc. is commercializing phase-change semiconductor memory (PCM) technology through a series of joint development programs and licensing agreements under its patent portfolio with industrial partners. The company’s nonvolatile memory technology, PCM offers significantly faster write and erase speeds and higher cycling endurance than conventional Flash memory. PCM also has the advantage of a simple fabrication process that permits the design of semiconductor memory products with small cell size and fewer additional mask steps, offering the potential for improved performance and lower cost relative to Flash.