NVE CORP /NEW/

NVE Corporation manufactures spintronic devices that leverage electron spin properties to detect, store, and transmit data. The company's product portfolio includes sensors designed to identify magnetic or metallic materials for position, rotation, and speed detection applications in factory automation. It also produces custom and medical-grade sensors intended to replace traditional electromechanical switches in medical devices, spintronic couplers for power conversion and industrial IoT markets, and DC-to-DC converters for power conversion systems. Additionally, the company licenses magnetoresistive random-access memory (MRAM) technology and performs contract research and development work.

The company operates across multiple revenue streams including standard sensor sales, specialized medical sensors, spintronic couplers, DC-to-DC converters, and technology licensing. Primary end markets encompass factory automation, medical device manufacturing, power conversion, and industrial Internet of Things applications. NVE distributes its products through third-party distributors rather than direct sales channels.

The company operates with a lean workforce of 41 full-time employees and maintains headquarters in Eden Prairie, Minnesota. Founded in 1989, NVE serves customers across the United States and international markets, though the geographic breakdown of revenue is not specified.