Matrix Semiconductor Named One of Red Herring's Top Ten Companies to Watch in 2002.Business Editors/High-Tech Writers
SANTA CLARA Santa Clara, city, Cuba
Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--May 13, 2002
Renowned Technology Business Publication Acknowledges Semiconductor Industry Innovator for Its Pioneering Technology and Business Strategy
Recognizing Matrix Semiconductor's technology innovations, business model, and quality of management, Red Herring Red Herring
A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company.
Notes: magazine -- a leading technology business publication -- has selected the Company as one of the "Top Ten Companies To Watch" in 2002.
Within its highly regarded "Red Herring 100" annual list of top public and private companies that define business innovation, Red Herring carefully selects ten startups that it believes will be noteworthy in the coming year, either in terms of disrupting current markets or creating new ones.
The award winners were disclosed today on the Red Herring web site (http://www.redherring.com/) and Matrix Semiconductor will be featured in the issue cover-dated June 2002.
Matrix Semiconductor is the first company to commercialize integrated circuits Integrated circuits
Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. built in three dimensions. By building up, Matrix can reduce manufacturing costs by up to 80% over traditional chip fabrication fabrication (fab´rikā´shn),
n the construction or making of a restoration. methods. The Company's first product -- Matrix(TM) 3-D Memory -- will be introduced under well-known retail brands as the first semiconductor-based memory cards inexpensive enough to be considered mass-market "consumables."
"Matrix Semiconductor is proud to be recognized by Red Herring as a company that is introducing a fundamental breakthrough technology, and in so doing, creating new markets for portable electronics," said Dennis Segers, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Matrix Semiconductor. "Our combination of a clear vision, extraordinary people, premier partners, and strong execution will enable us to bring this significant innovation to market."
About Matrix Semiconductor
Founded in 1998, Matrix Semiconductor, Inc. (Santa Clara, Calif.) is the first company to develop and commercialize three-dimensional integrated circuits using standard manufacturing techniques and materials. By optimizing use of a semiconductor wafer's area -- building "up" rather than "out" -- Matrix's 3-D technology produces ultra-dense chips for high-volume markets at dramatically lower costs than existing technologies. Matrix's first product -- Matrix(TM) 3-D Memory (3DM) -- is an affordable, convenient, and secure digital storage solution. Comparable in cost and usage model to 35mm film, audiotape au·di·o·tape
1. A relatively narrow magnetic tape used to record sound for subsequent playback.
2. A tape recording of sound.
tr.v. , and other traditional consumable A material that is used up and needs continuous replenishment, such as paper and toner. "The low-tech end of the high-tech field!" media, Matrix 3-D Memory enables world-leading brands to introduce the first archival semiconductor consumable to the mass market. The company has received over $80 million in funding from Benchmark Capital Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups, including eBay. In 1995, the firm invested $6.7 million in eBay, which became worth more than $5 billion by the spring of 1999 and resulted in one of Silicon , Skymoon Ventures, and Microsoft, among others. More information is available at http://www.matrixsemi.com/.