Nintendo have invested 15 million into Matrix, a company that makes high density memory for portible devices. The press release can be found below:
SANTA CLARA, Calif.--(BUSINESS WIRE)--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."