NVE Corporation develops and sells devices using spintronics, a nanotechnology we helped pioneer, which utilizes electron spin rather than electron charge to acquire, store and transmit information.
We make spintronics practical by manufacturing high-performance products including sensors and couplers data in industrial, scientific, and medical applications. We have also licensed our spintronic magnetoresistive random access memory technology, commonly known as MRAM.
The company was founded in 1989 as Nonvolatile Electronics, Inc., and became known as NVE Corporation in 2000 when its stock was first publicly traded. NVEs stock was listed on the NASDAQ in January 2003 at an initial price of $7.85 per share. The trading symbol is NVEC; the stock is also quoted on the Frankfurt Stock Exchange under the symbol NVK.
The company is located in Eden Prairie, Minnesota, a suburb of Minneapolis.