NAND flash memory was developed in the mid 80's by Toshiba, and USB flash drives were developed in the late 90's. There is still some dispute about who created the first version, but most credit M-Systems Company, which was eventually bought by Sandisk. The break-though was the ability to connect flash memory to a computer and it be a “virtual” storage drive without the need for drivers or special software.
In the U.S., IBM sold the earliest 8 Mbyte version in 2001 under the product name Memory Key, and it quickly followed with a 16 Mbyte version. By 2003 IBM sold a 64 Mbyte version manufactured by M-Systems. Other versions from various manufacturers were soon available as well. By the time USB flash drives began to really catch on with computer users, the 128 Mbyte version was the most common.
-- A Black Hack: post
In the U.S., IBM sold the earliest 8 Mbyte version in 2001 under the product name Memory Key, and it quickly followed with a 16 Mbyte version. By 2003 IBM sold a 64 Mbyte version manufactured by M-Systems. Other versions from various manufacturers were soon available as well. By the time USB flash drives began to really catch on with computer users, the 128 Mbyte version was the most common.
-- A Black Hack: post
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