This Day in History
July 13, 1992
IBM, Toshiba and Siemens alliance to develop memory chips
IBM announced an alliance with Toshiba and Siemens to develop memory chips for computers. The international cooperation marked a shift in the semiconductor industry, which had primarily seen such companies fighting bitterly with each other for control of the market. Experts pointed to the alliance as an example of a new global economy that had little use for borders.