SanDisk Completes Takeover of Matrix

SanDisk Completes Takeover of Matrix

119
0
SHARE

SanDisk, the world’s largest supplier of flash data storage card products, has completed its acquisition of Matrix Semiconductor, a leader in designing and developing 3-D integrated circuits. The agreement, originally signed on October 20, 2005, was completed on Tuesday.

The Matrix 3-D Memory is a common source for one-time programmable storage applications that depend on a low cost to make them practicable. Examples of this would be live files like music and video games and the archiving of files. The Matrix technology will be a welcome addition to SanDisk’s already widely popular offerings.

About $14 million USD changed hands in the deal, which also featured the issuance of 3.7 million new shares of SanDisk stock.

The Sunnyvale, Calif., company has been busy in 2006, launching high-capacity flash memory cards for Verizon Wireless’s V Cast Music Service and unveiling MP3 Sansa Players with new 6GB flash capacity.

LEAVE A REPLY