Resistive random-access memory (RRAM) is something various electronics companies have been working on for years, but now Panasonic seems to be ready to be the first to start mass-producing the next-generation memory chips, according to a report in Japan’s biggest business daily The Nikkei.

The new memory type can retain stored data over time even when it’s not powered, it’s much faster and more eco-friendly than flash memory chips, for example