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 Matrix
Semiconductor, a developer of high-density 3D integrated circuits,
today announced that Nintendo Co. Ltd. has invested $15 million in
the company. Dan Steere, VP of Marketing for Matrix Semiconductor
commented, "We recognize Nintendo's dominant position in
electronic entertainment and feel very fortunate to have them as an
investor in Matrix."
Matrix's first product, Matrix 3-D Memory, is a low-cost,
high-density, non-volatile memory technology specifically designed
for use in portable electronics. For developers of content such as
games, Matrix 3-D Memory is field programmable, enabling programming
flexibility and greatly reducing inventory costs. Matrix has
developed and patented the technology to build three dimensional
memory by stacking memory arrays vertically. By decreasing the chip
size and increasing the yield, Matrix 3-D Memory can be produced at
a fraction of the cost of existing technologies.
"The portable and mobile device markets are expanding rapidly.
Matrix's cost and density advantages over existing technologies
support the memory requirements of our portable video game machine,
Game Boy Advance," says Yasuhiro Minagawa, Manager of Public
Relations Section at Nintendo Co. Ltd. "We believe Matrix's
technology will help us to make our exciting game titles more
efficiently."
Matrix Semiconductor Press Release:
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Matrix Semiconductor
Receives $15 Million Investment from Nintendo
SANTA CLARA, California. - Feb. 24, 2003 - Matrix Semiconductor -
the first company to commercialize low-cost, high-density 3-D
integrated circuits - today announced that Nintendo has invested $15
million in the Company. This financing brings the total raised by
Matrix to $95 million.
"Matrix has always focused on securing relationships with the
world's leading consumer electronics companies. These relationships
provide countless benefits to the Company in addition to
dollars," says Dan Steere, Vice President of Marketing for
Matrix Semiconductor. "We recognize Nintendo's dominant
position in electronic entertainment and feel very fortunate to have
them as an investor in Matrix."
Matrix's first product - Matrix 3-D Memory - is a low-cost,
high-density, non-volatile memory technology specifically designed
for use in portable electronics. For developers of content such as
games, Matrix 3-D Memory is field programmable, enabling programming
flexibility and greatly reducing inventory complexity and costs.
"The portable and mobile device markets are expanding rapidly.
Matrix's cost and density advantages over existing technologies
support the memory requirements of our portable video game machine,
Game Boy Advance," says Yasuhiro Minagawa, Manager of Public
Relations Section at Nintendo's headquarters in Japan. "We
believe Matrix's technology will help us to make our exciting game
titles more efficiently."
About Matrix Semiconductor
Founded in 1998, Matrix Semiconductor, Inc. (Santa Clara, Calif.)
has developed the means to create three-dimensional semiconductors
using standard manufacturing techniques and materials. By optimizing
use of a semiconductor wafer's area - building "up" rather
than "out" - Matrix's 3-D technology produces highly dense
chips at much lower costs than existing technologies. Matrix's first
product, Matrix 3-D Memory (3DM), is a low cost, high density,
non-volatile memory compatible with existing standards and targeted
for use in millions of portable electronic devices. More information
is available at http://www.matrixsemi.com/.
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February
24, 2003 |
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Jim - News
Contributor, GameCubicle |
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