Hewlett-Packard announced today that it has entered an agreement with the Korean electronics manufacturer Hynix Semiconductor to make memristors, starting in 2013. Storage devices made of memristors will allow PCs, cellphones, and servers to store more and switch on instantly.

“The goal is to be at least double whatever flash memory is in three years–we know we’ll beat flash in speed, power, and endurance, and we want to beat it in density, too,” says Stanley Williams, a senior fellow at HP.