JHEP09(2000)020 Received: June 30, 2000, Accepted: September 13, 2000 Revised: September 12, 2000 HYPER VERSION ((F, D1), D3) bound state, S-duality and non-commutative open String/Yang-Mills theory Jianxin Lu Randall Physics Laboratory, University of Michigan Ann Arbor, MI 48109-1120, USA E-mail: jxlu@umich.edu Shibaji Roy and Harvendra Singh Theory Division, Saha Institute of Nuclear Physics 1/AF Bidhannagar, Calcutta-700 064, India E-mail: roy@tnp.saha.ernet.in, hsingh@tnp.saha.ernet.in Abstract: We study decoupling limits and S-dualities for non-commutative open string/Yang-Mills theory in a gravity setup by considering an SL(2, Z) invariant supergravity solutions of the form ((F, D1), D3) bound state of type-IIB string theory. This configuration can be regarded as D3-brane solution with both electric and magnetic fields turned on along one of the spatial directions of the brane and preserves half of the space-time supersymmetries of the string theory. Our study indicates that there exists a decoupling limit for which the resulting theory is an open string theory defined in a geometry with noncommutativity in both space-time and space-space directions. We study S-duality of this non-commutative open string (NCOS) and find that the same decoupling limit in the S-dual description gives rise to a space-space non-commutative Yang-Mills theory (NCYM). We also discuss independently the decoupling limit for NCYM in this D3-brane background. Here we find that S-duality of NCYM theory does not always give a NCOS theory. Instead, it can give an ordinary Yang-Mills with singular metric and infinitely large coupling. We also find that the open string coupling relation between the two S-duality related theories is modified such that S-duality of a strongly coupled open-string/Yang-Mills theory does not necessarily give a weakly coupled theory. The relevant gravity dual descriptions of NCOS/NCYM are also given. Keywords: D-branes, String Duality, Brane Dynamics in Gauge Theories.