According to the Korea Times, Samsung Electronics and six other memory makers have agreed to create a new industry standard for flash memory cards by 2009.
Dubbed Universal Flash Storage (UFS), they are backed by Micron Technology, Nokia, Sony Ericsson, Spansion, STMicroelectronics, and Texas Instruments.
The JEDEC Solid State Technology Association (JEDEC), a leading open-standards body in the semiconductor industry, will take the leading role in standardizing the common format.
One of the key purpose of the UFS is obviously to help manufacturers cut costs as opposed to funding the development of disparate lines of memory products.
Also, the new standard will pave the way for memory makers to develop next-generation flash memory cards featuring superior functionality and performance.
[The goal of the UFS is to] support very low memory access times, lower power consumption, and increase data retrieval speeds beyond those of current flash storage products. Nokia says that it wants to reduce access times for a 90-minute HD movie to a few seconds, something the company says currently takes as long as three minutes under current flash standards.