NVE Corp

Business Description

NVE Corporation, founded in 1989 and based in Eden Prairie, Minnesota, builds and sells specialized electronic components that harness the natural spin of electrons to detect, store, and move data. Its product lineup includes sensors that track position, rotation, and speed in manufacturing settings, as well as components used in medical devices, power systems, and connected industrial equipment. The company also licenses its memory technology to other businesses and takes on outside research contracts, reaching customers worldwide through a network of distributors.