In the year ended December 28, 2014, Apple Inc. accounted for 19% of the company’s revenue. Ventures with Toshiba Corporation (Toshiba) The company holds a 49.9% ownership position in each of the Flash Venture entities. The company refers to Flash Partners Ltd., Flash Alliance Ltd., and Flash Forward Ltd. collectively as Flash Ventures. Through Flash Ventures, located within Toshiba’s Yokkaichi, Japan facilities, the company and Toshiba collaborate in the development and manufacture of NAND flash wafers using semiconductor manufacturing equipment owned or leased by each of the Flash Venture entities. Strategy The company’s strategy is to create industry-leading storage solutions by leveraging its innovative technology; strengthen position in high-value solutions; maintain cost leadership, leverage scale and drive operational excellence; and drive growth across various markets, customers, and channels. Seasonality Because the majority of the company’s products are sold to consumers, its revenue is highest in its fourth fiscal quarter (year ending December 2014) due to the holiday buying season. In addition, the company’s revenue is lowest in its first fiscal quarter. Patents and Licenses As of December 28, 2014, the company owned, or had rights to, approximately 3,000 United States patents and approximately 2,100 foreign patents. It had approximately 1,400 patent applications pending in the United States and had foreign counterparts pending on majority of the applications in multiple jurisdictions. The company has patent license agreements with various companies, including Hitachi, Ltd.; Intel Corporation; Renesas Electronics Corporation; Samsung Electronics Co., Ltd.; SK hynix Inc.; Sony Corporation; and Toshiba. Competition NAND Manufacturers: The company competes with NAND flash memory manufacturers, including SK hynix Inc.; Intel Corporation; Micron Technology, Inc.; Samsung Electronics Co., Ltd.; and Toshiba. Flash Memory Card and USB Drive Manufacturers and Resellers: The company’s primary competitors include, among others, Kingston Technology Company, Inc. (Kingston); Lexar Media, Inc., a subsidiary of Micron Technology, Inc.; PNY Technologies, Inc.; Samsung Electronics Co., Ltd.; Sony Corporation; Toshiba; Transcend Information, Inc.; and Verbatim Americas, LLC. Client Storage Solution Manufacturers: In the market for client SSDs, the company faces competition from NAND flash memory manufacturers, including Intel Corporation; Micron Technology, Inc.; Samsung Electronics Co., Ltd.; and Toshiba. It also faces competition from other suppliers of client SSDs and hard drives, such as Kingston; Philips & Lite-On Digital Solutions Corporation; Seagate Technology plc; and Western Digital Corporation. Enterprise Storage Solution Manufacturers: The company competes in the enterprise storage solutions market where it faces competition from NAND flash memory manufacturers, including Intel Corporation; Micron Technology, Inc.; Samsung Electronics Co., Ltd.; and Toshiba, as well as from other providers of enterprise SSDs and hard drives, such as Philips & Lite-On Digital Solutions Corporation, Seagate Technology plc, and Western Digital Corporation. Digital Media Players and Drives: In the standalone digital audio/video player market, the company faces competition from Apple Inc. The company also faces competition from Coby Electronics Corporation; GPX, a brand of Digital Products International, Inc.; Koninklijke Philips N.V.; Mach Speed Technologies, LLC; Sony Corporation; and others. It also faces competition for its wireless media and flash drives from companies, such as ADATA Technology Co., Ltd.; Seagate Technology plc; and Western Digital Corporation. History SanDisk Corporation was founded in 1988. The company was incorporated in the state of Delaware in 1988.
(SNDK:Consolidated Issue Listed on NASDAQ Global Select )
951 SanDisk Drive
Milpitas, CA 95035
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