SanDisk to acquire Matrix for $250 M
By agencies   |   Friday, 02 December 2005, 20:30 IST
Printer Print Email Email
SUNNYVALE, CA: Sanjay Mehrotra's SanDisk Corp. will acquire Matrix Semiconductor Inc. for around $250 million. SanDisk, as part of the deal, will issue $238 million worth of its stock and pay $12 million in cash. Santa Clara, CA based Matrix is a privately held company that develops and supplies 3-D integrated circuit, one-time programmable technology. Matrix has over 100 U.S. patents in 3-D integrated circuit technology. SanDisk intends to support and sell Matrix's 3D one-time programmable products through its various sales channels and will work closely with Matrix's customers to continue supply them products during the transition.

siliconindia