At the beginning of the 21st century, 1 Gb DRAMs will be in practical use, and sufficient in terms of memory capacity for most memory applications systems. The key technologies for multimedia systems include data compression, communication, storage, and human interfaces. Image data processing, ATM switch, and microprocessor in multimedia applications require the high data transfer rate from several 100 Mbits/s to Tbits/s. Storage systems, on the other hand, require the reduction of the price per bit to less than 10 cents/Mbytes. Application specific design approaches towards a system-on-chip are strongly needed for ULSI memories in the multimedia era.