SanDisk Corp., a global leader in flash memory storage solutions, on Tuesday commemorated its silver anniversary by ringing the Nasdaq stock market opening bell. The event is the latest in a series of 2013 activities that mark the transformative impact SanDisk’s technologies have had on businesses and consumers over the past quarter century. SanDisk’s anniversary celebrations also include the company’s 5,000-person workforce volunteering in charitable programs.
“When Eli, Jack and I started SanDisk in 1988 we knew flash memory had great potential. The company’s growth and impact have far exceeded our expectations,” said Sanjay Mehrotra, SanDisk’s co-founder, president, chief executive officer.
From launching the world’s first solid state drive (SSD) in 1991 to introducing the industry’s multi-level cell (MLC) flash technologies using two bits (X2) and three bits (X3) per cell, SanDisk’s innovations have driven dramatic transformations across the electronics industry. SanDisk’s flash memory innovations have enabled new markets and devices from digital photography to USB drives to smart phones, tablets and thin-and-light notebooks. Today, SanDisk is bringing flash memory to enterprise storage and transforming the data center.
“While we reflect upon the many achievements and milestones, SanDisk’s employees are focused on creating the technology and solutions that will drive the next 25 years of industry transformation and value for our shareholders. SanDisk is celebrating this milestone by continuing its long tradition of community service. I am proud that our employees are committed to achieve 100 percent participation in volunteer programs in 2013, a goal we are well on our way to reaching,” added Mr. Mehrotra.
In the past decade, the SanDisk Foundation has donated over $21 million to almost 1000 charitable organizations worldwide, and the company has been recognized as one of the top 20 most generous corporate philanthropists in the San Francisco Bay Area. Education is one of the focus areas for the SanDisk Foundation, and SanDisk’s scholars program is making a difference by supporting students pursuing careers in science, technology, engineering and math (STEM).