Intel is the world's largest chipmaker, while Samsung and Toshiba are the world's first and second makers of NAND-type memory, respectively. In other words, these are the three musketeers of chip land. Ten more companies, operating in semiconductor materials and related fields, are expected to be invited once the initial details get worked out.
Earlier this month, Samsung announced the industry's first production of a 3-bit-cell, 64 gigabit NAND flash using a 20nm process technology. With these hardware giants working together, we'll be watching that number continue to drop over the next few years.