Barely a fortnight after Sony disclaimed reports that it was pondering the sale of its PS3 chip production facilities, the firm has decided to partner up with Qimonda in a 50-50 venture "to design DRAM chips for consumer and graphics applications." The new entity will be dubbed Qreatic Design, will be based in Tokyo and is scheduled to start operating by the end of 2007. Of note, financial terms of the deal weren't released, but Qimonda's chief executive did state that the agreement would "support its future product design and solutions development and would further pave the way for product diversification in non-PC applications." [Warning: read link requires subscription]

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Sony and Qimonda form joint venture to design DRAM chips