The past few years have been an exciting time for flash memory. The cost has fallen dramatically as fabrication has become more efficient and the market has grown; the density has improved with the advent of better processes and additional bits per cell; and flash has been adopted in a wide array of applications. The flash ecosystem has expanded and continues to expand especially for thumb drives, cameras, ruggedized laptops, and phones in the consumer space.
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Adam Leventhal (2008) studied this question.
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