HP and Hynix are planning to unveil its two-terminal non-volatile memory technology in the next 18 months.
HP is due to target multi-layer memristor technology at the DRAM market in 2014/2015, with the SRAM market to be the next destination.
Senior HP Labs Fellow Stan Williams said: "We have a lot of big plans for it and we're working with Hynix Semiconductor to launch a replacement for flash in the summer of 2013 and also to address the solid-state drive market."
Memristor cost/bit could be an order of magnitude less than NAND, after initial costs are out of the way, according to him.
The ongoing trials involve running hundreds of wafers through a full-size Hynix fab.
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