Interleaved memory is a technique for compensating the relatively slow speed of DRAM. The CPU can access alternative sections immediately without waiting for memory to be cached. Multiple memory banks take turns supplying data.
An interleaved memory with "n" banks is said to be n-way interleaved. If there are "n" banks, memory location "i" would reside in bank number i mod n.
One way of allocating virtual addresses to memory modules is to divide the memory space into contiguous blocks. The CPU can access alternate sections immediately, without waiting for memory to catch up (through wait states). Interleaved memory is one technique for compensating for the relatively slow speed of dynamic RAM (DRAM). Other techniques include page-mode memory and memory caches.
Interleaved memories are the implementation of the concept of accessing more words in a single memory access cycle. This can be achieved by partitioning the memory e.g. into N separate memory modules. Thus, N accesses can be carried out to the memory simultaneously.