SanDisk, developer of the, is hoping that Matrix's technology will ultimately help business. The mini storage cards are designed to enable users to play preloaded content, such as premium music titles, on a variety of handsets, from smart phones to portable digital players. Matrix's 3D integrated circuits are primarily used for storage applications in the video game and music markets.
"Use of theextends beyond video games and hopefully will play an important role in content distribution, such as incorporation in our recently launched Gruvi cards," Eli Harari, SanDisk chief executive, said in a statement.
Matrix's 3D memory is designed to operate as one-time programmable technology and, as a result, does not compete with SanDisk's flash technology, which is rewritable and more costly. The acquisition of Santa Clara, Calif.-based Matrix may serve as a means for reducing manufacturing costs for the Gruvi cards.
SanDisk, based in Sunnyvale, Calif., also plans to support and sell Matrix's 3D products through its various channels and hopes to close the deal by the end of the year.