The 3D XPoint memory technology that Intel and Micron announced Tuesday is new to its core and took years to develop, but that work may pay dividends in both living rooms and data centers.

3D XPoint is 1,000 times faster than the NAND flash used in today’s consumer electronics and SSDs (solid state drives). That’s for both reading and writing data, the companies say, and it’s as big a leap as the move from spinning disks to SSDs. It could kick off the same kind of upheaval that the shift to solid-state drives has caused, according to Rob Crooke, senior vice president and general manager of Intel’s Non-Volatile Memory Solutions Group. Products are expected starting next year.

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