SanDisk Corporation (NASDAQ: SNDK), formerly SunDisk, is an American multinational corporation which designs and markets flash memory card products. SanDisk was founded in 1988 by Eli Harari and Sanjay Mehrotra, a non-volatile memory technology expert. SanDisk became a publicly traded company on NASDAQ in November 1995. SanDisk produces many different types of flash memory, including various memory cards and a series of USB removable drives. SanDisk markets to both the high-end and low-end sector demand for premium quality flash memory.
The company is headquartered in Milpitas, California, with offices and manufacturing facilities worldwide such as its European headquarters in Dublin, Republic of Ireland.
SanDisk is publicly traded on the NASDAQ. Its market capitalization is about US$ 13 billion.
SanDisk is a component of the GSTI Semiconductor Index
SanDisk bought M-Systems, a USB flash memory stick maker for US$1.3 billion.
MP3 license dispute
On September 4, 2006 at the IFA show in Berlin, Germany authorities seized all MP3 players that were in SanDisk's booth since Italian patent company Sisvel had won an injunction against it regarding the MP3 format. Sisvel, who had previously filed a separate lawsuit in Mannheim, claims that SanDisk uses the MP3 format without paying the required licensing fee. On September 8, 2006, a Berlin court overturned the injunction and SanDisk put the players back on display.
On March 16, 2007 SanDisk issued a press release announcing they had reached agreement and now acquired licences for all current and future MP3 applications.
FlashCP is a digital rights management technology for the storage of electronic materials (e.g. e-books) on portable devices. FlashCP is targeted primarily at students and allows transportation of copyrighted material while enforcing copy restrictions against the user. SanDisk acquired the technology in 2005 with the purchase of Israel-based MDRM.
Currently, SanDisk manufactures one drive that uses the FlashCP technology, called the Freedom Drive, which is part of the Cruzer line. Additionally, digital content can be downloaded to Cruzer Freedom from the SanDisk Plaza, a fast growing online store offering digital books, music, games, and education tools. Prices for on line products vary. Many selections are free. Once downloaded, the digital content may be used online and offline.