The Third largest memory manufacturer in the world, Elpida Memory, Inc. announced today that it will be developing a 4GB mobile DRAM chip for smartphones. The Elpida Memory, Inc is a Japanese based company and will be using its Hiroshima plant to begin production of the said chips. The chips will employ a 512 pin techology which will theoretically produce faster transfer rates and at the same time reduces power consumption by 87%.

In light of the disasters that Japan experienced, the company also confirmed that it will be outsourcing production in Taiwan to meet production quotas. The product if fully developed, will generate sales for the company of up to $1.2 billion in 2012-2013.