When we talk memory we are usually referring to the RAM connected to the CPU. So the answer is no.
But if you are talking about files on hard disks then sure, you can put files on the 32GB memory card and use that.
However, just like all hard drives, you always keep a few backup copies.
I was looking at ultrabooks for college and I seem to really like the HP Folio. The battery life, speed and lightness is what really got my attention. I would have gotten the macbook but I don't want to make my parents spend that much money. The only thing that worries me is the 128 GB SSD. I am not a gamer or anything. I want to just use it for college, typing essays, internet use and music downloads which I always delete after uploading the files to my phone. I am not very tech savy, so I don't really know if a 128 GB SSD will last me 4 years of college. I know that this ultrabook has a SD card reader, and so I wanted to know if buying a 32GB SD card would be able to increase the memory. Any suggestions or comments would be very helpful.