Samsung Electronics and Toshiba Corporation have licensed to one another the rights to produce, market and sell memory with the specifications and trademarks of Samsung’s OneNAND and Toshiba’s LBA-NAND memory chips. As a result of the reciprocal arrangement, original equipment manufacturers (OEMs) will have a broader choice of suppliers for each premium memory chip. Under terms of the agreement, Samsung will license product specifications of its integrated OneNAND and Flex-OneNAND “fusion” memory chips to Toshiba, while Toshiba will license product specifications of its single-package LBA-NAND and mobileLBA-NAND flash chips to Samsung. Both companies will develop and market products that are compatible with the respective original-source technology. Samsung and Toshiba each plan to release products next year based on the respectively licensed product specifications.