NEC's memory chip uses small magnets to retain data and can cut standby consumption to zero for electronics such as TVs.

This article titled “New microchip could prevent ‘standby' energy loss” was written by Michael Fitzpatrick, for guardian.co.uk on Wednesday 15th June 2011 07.00 UTC

Japanese scientists have developed a new micro-processing chip which they claim could do away with the energy loss caused by appliances while on “standby”.

Existing chips in electronics that eat up energy when a device is switched off but plugged in could be replaced by the new microchip by 2015, claims NEC Corporation (NEC) and researchers at Tohoku University.

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