PAY FREEZES, PARTNERSHIPS Chip firms SanDisk Corp and ARM Holdings have continued to invest in next-generation products and technology even as they cut costs in other parts of the company, executives said at the summit. ARM reduced headcount by 3 percent at the start of the year and does not anticipate any more job cuts. CEO Warren East said any further savings will come from tight financial discipline, pay freezes, restricting all sorts of discretionary expenditures. SanDisk has also made multiple rounds of job cuts as it suffers through a severe downturn in the flash memory industry, which has contributed to billions of dollars in losses. CEO Eli Harari said SanDisk has not scaled back its efforts to develop a new form of flash memory, known as 3D rewriteable flash, which he said will be key to improving products like solid state hard drives.