TOKYO & SAN JOSE, Calif.--(BUSINESS WIRE)-- TDK Corporation (President and CEO: Shigenao Ishiguro, “TDK”) and InvenSense, Inc. (President and CEO: Behrooz Abdi, “InvenSense”) announce that TDK has completed the all-cash acquisition of InvenSense. The acquisition price was $13.00 USD per InvenSense share, and the total acquisition price was approximately $1.3 billion USD. TDK currently focuses on three market segments: automotive, industrial equipment & energy, and information & communications technology (ICT). As par...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense, Inc. (NYSE: INVN), a leading provider of MEMS sensor platforms, today announced that all necessary regulatory clearances have been received for the acquisition by TDK Corporation of InvenSense, including from the Committee on Foreign Investment in the United States (CFIUS) and all other necessary regulatory authorities, and the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired. InvenSense will hold a special meeting of its ...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense, Inc. (NYSE:INVN), a leading provider of MEMS sensor platforms, today announced that the recently released ICM-20602 6-axis inertial sensor (3-axis accelerometer + 3-axis gyroscope) targeted for Augmented Reality/Virtual Reality/Head Mounted Display (AR/VR/HMD) applications is being used in Daydream-ready and Tango enabled smartphones. InvenSense’s sensor solutions deliver on the key parameters of sensitivity, sensitivity response (SR), sensitivity error, offset vs temperature, and ...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense, Inc. (NYSE:INVN), a leading provider of MEMS sensor platforms, and GLOBALFOUNDRIES, a leading provider of advanced semiconductor manufacturing technology, today announced their collaboration on an ultrasonic fingerprint imaging technology for InvenSense UltraPrint™ Ultrasound Fingerprint Touch Sensor Solution. InvenSense and GF are enabling, for the first time, commercial manufacturing of aluminum nitride-based piezoelectric Micromachined Ultrasonic Transducers (pMUT). As a result...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense, Inc. (NYSE: INVN), a leading provider of MEMS sensor platform solutions, and AutoNavi, a division of Alibaba Group and China’s leading provider of digital maps, announced the integration of the InvenSense Positioning Library (IPL) and the map matching engine inside AutoNavi’s mobile map application enabling an improved user experience for Huawei smartphones. This new platform creates a feedback loop interface between the respective technologies, virtually eliminating GNSS (GPS) signal ...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense, Inc., (NYSE: INVN), a leading provider of MEMS sensor platform solutions, announced that the InvenSense ICM-30632 Wearable Sensor System on Chip (SoC) is being used to deliver the wrist worn fitness/wellness features in children wristband products by Chinese OEM eeBBK. The new product launch of eeBBK’s Children’s Watch, is using InvenSense’s wearable SoC to deliver a variety of sensor related wellness/fitness features such a Photoplethysmography (PPG) Motion artifact correction, s...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense, Inc. (NYSE:INVN), a leading provider of MEMS sensor platform solutions, announced it will showcase SensorStudio alongside the Samsung ARTIK 710 development board at the 2017 Consumer Electronics Show in Las Vegas. SensorStudio is a powerful graphical software development tool originated by InvenSense to ease the development and programming of sensors and algorithms. The integrated SAMSUNG ARTIK™ Smart IoT platform provides the fastest path to secure, interoperable, and intelligent IoT ...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense, Inc. (NYSE:INVN), a leading provider of MEMS sensor platforms, today announced the world’s first 74 dB signal-to-noise (SNR) MEMS microphone for far field audio applications such as teleconference systems, voice controlled home and Internet of Things (IoT) devices. The analog-output ICS-40730 delivers 74 dB SNR performance in a bottom port surface mount package. There are a growing number of applications that require reliable far field voice capture capability, such as speech recognition...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense, Inc. (NYSE:INVN), a leading provider of MEMS sensors platform solutions, has entered mass production with the world’s only 7-axis motion sensor. The ICM-20789 integrates InvenSense’s leading 6-axis (3-axis accelerometer + 3-axis gyroscope) MEMS motion sensor with InvenSense’s world class pressure sensor, providing a solution with performance on par with best in class discrete parts. InvenSense six-axis motion sensors have long enabled the drone market, including toy and commercial...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense, Inc., (NYSE: INVN), a leading provider of MEMS sensor platform solutions, announced the InvenSense ICM-20648, a 6-axis inertial measurement unit (IMU) with an advanced software stack, updated for wrist worn wearable devices delivering many of the key features required from today’s smart wrist worn wearable devices. The ICM-20648 includes InvenSense’s 6-axis integrated MEMS (3-axis accelerometer + 3-axis gyroscope) motion sensors and InvenSense’s Digital Motion Processor (DMP) bloc...
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STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of InvenSense, Inc. (NYSE: INVN) (“InvenSense” or the “Company”) relating to the proposed buyout of InvenSense by TDK Corporation, in a transaction valued at approximately $1.3 billion. Under the terms of the agreement, InvenSense shareholders are anticipated to receive $13.00 in cash...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of InvenSense, Inc. (NYSE: INVN)? Did you purchase any of your shares prior to December 21, 2016? Do you think the proposed buyout price is too low? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of InvenSense, Inc. (“InvenSense” or the “Company”) (NYSE: INVN) regardi...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense, Inc. (NYSE:INVN), a leading provider of MEMS sensors, is providing the Electronic Image Stabilization (EIS) solution for the recently released OPPO R9S and R9S Plus smartphones. OPPO, based in China, is the number four smartphone provider worldwide. OPPO’s worldwide success is due in part to their focus on not just remarkable looking devices, but a cultivated user experience, resulting in their latest “Selfie Expert” smartphone lineup. InvenSense EIS technology provides f...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense Inc. (NYSE: INVN), a leading provider of MEMS sensor platform solutions, today announced results for its second quarter of fiscal year 2017, ended October 2, 2016. Net revenue for the second quarter of fiscal 2017 was $79.8 million, up 32 percent from $60.6 million for the first quarter of fiscal 2017 and down 29 percent from $112.5 million for the second quarter of fiscal 2016. Gross margin determined in accordance with U.S. generally accepted accounting p...
SAN JOSE, Calif--(BUSINESS WIRE)-- InvenSense, Inc. (NYSE:INVN), a leading provider of MEMS sensor platforms, today announced a collaboration with Panasonic Corporation for the development of innovative sensor technology solutions and of new automotive safety high-performance MEMS-based inertial sensors. The new 6-axis (3-axis accelerometer + 3-axis gyroscope) safety inertial sensor is the industry’s smallest size and facilitates system miniaturization for safety applications, such as rollover detection and electronic stability ...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense, Inc. (NYSE:INVN), a leading provider of MEMS sensor platforms, and Sonion, the global leader in micro acoustic and micro mechanical technologies and solutions for hearing instruments, in-ear earphones and specialty headsets, today announced the release of the O-series MEMS microphone in 2 very small form factors: O8 (8mm³) and O11 (11mm³). The new O-series, which has been designed specifically for hearing aids, provides superior sound quality with very high signal-to-noise ratio (...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense Inc. (NYSE:INVN), a leading provider of MEMS sensor platform solutions, today announced that in response to significant interest in the Company, it will consider a number of options to further enhance stockholder value. The Company’s Board of Directors has hired a financial advisor to evaluate these indications of interest while continuing to explore other options that would advance InvenSense’s strategy. No decision has been made and there can be no assurance that the Boa...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense, Inc. (NYSE:INVN), a leading provider of MEMS sensor platforms, announced the new SensorStudio 2.2 release, the newly-released GenericSensorHub Platform and the new ICM-20690 development kit, a sensor prototyping and development platform for the Internet of Things (IoT). The new InvenSense solution generates sensor and algorithm development projects to market faster. SensorStudio is a powerful graphical development tool originated by InvenSense to ease the development and ...
SAN JOSE, Calif.--(BUSINESS WIRE)-- InvenSense Inc. (NYSE: INVN), a leading provider of MEMS sensor platform solutions, has scheduled its second quarter financial results conference call for November 3, 2016 at 1:30 p.m. Pacific Time. The company will release its financial results at approximately 1:15 p.m. Pacific Time. To listen to the conference call, please dial (844) 413-0862 ten minutes prior to the start of the call, using the passcode 97991032. International callers, please dial (216) 562-0454. A taped replay will ...
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