SanDisk Completes Matrix Acquisition.SUNNYVALE, Calif. -- SanDisk(R) Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SNDK) today announced that it completed the acquisition of Matrix Semiconductor, Inc., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. . On October 20, 2005, SanDisk signed a definitive agreement to acquire Matrix, a pioneer in the design and development of three-dimensional (3-D) 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. . Matrix(R) 3-D Memory is used for one-time programmable storage applications where low cost is the paramount consideration, such as video games See video game console. , music and other content, and for archiving. The acquisition consideration included approximately 3.7 million newly issued SanDisk shares, the assumption of equity incentives which could result in the issuance of approximately 600,000 additional shares of SanDisk stock, and cash of approximately $14 million. About SanDisk SanDisk is the original inventor of flash storage cards and is the world's largest supplier of flash data storage card products using its patented, high-density flash memory and controller technology. SanDisk is headquartered in Sunnyvale, CA and has operations worldwide, with more than half its sales outside the U.S. About Matrix Semiconductor Matrix Semiconductor, Inc. is the creator and developer of the world's first three-dimensional integrated circuits. Matrix's first product, Matrix(R) 3-D Memory (3DM), is a low cost, high density line of permanent, one-time programmable, non-volatile memory Refers to memory chips that hold their content without power being applied. It may refer to chips that are not changeable, such as ROMs and PROMs, or to chips that can be rewritten many times such as flash memory. that is compatible with existing standards. Matrix 3-D Memory accelerates time-to-market for publishers of digital content and is targeted for use in portable consumer electronic devices. SanDisk's product images can be downloaded from http://www.sandisk.com/Corporate/PressRoom/. SanDisk and Matrix are each trademarks of SanDisk Corporation or its subsidiaries, registered in the United States and other countries. |
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