MagnaChip Semiconductor Corporation
), a Korea-based analog and mixed-signal semiconductor maker,
signed a patent license agreement with SENIS AG to use the latter's
magnetic field sending technology.
Zug, Switzerland-based SENIS manufactures magnetic field and
current measurement instruments. The agreement will allow MagnaChip
to use SENIS' wide-ranging portfolio of patents and technology for
its mobile, consumer, industrial and automotive applications.
MagnaChip expects SENIS' technology to considerably strengthen the
company's present portfolio of sensors, and set in motion further
development of sensor solutions for new industrial and consumer
MagnaChip's present product range of sensors includes the e-Compass
and MXM11XX Digital Hall sensor family. These intelligent sensors
provide cost-effective features and advanced design capabilities,
transforming the way in which people interact with devices. For
instance, designers use sensors to differentiate their models by
simplifying interfaces in smartphones.
A recent report from the Gartner Group shows that non-optical
semiconductor sensor revenue grew 5.9% in 2013 to $6.1 billion, and
is expected to reach $10.2 billion in 2018. This growth is driven
by the rapid penetration of sensors in mobile phones. Furthermore,
sensors are used in diverse applications, and the increasingly
sophisticated present-day devices call for an emerging class of
intelligent sensors in mass volume.
In order to capitalize on this evolution of sensor chips, MagnaChip
is taking initiatives to develop and expand its product offerings.
The strategic alliance with SENIS will enable MagnaChip to
incorporate the former's high-performance magnetic field and
current measurement technology into its products. This should
facilitate the development of differentiated sensor solutions,
especially for industrial applications.
MagnaChip currently holds a Zacks Rank #3 (Hold). Investors
interested in the semiconductor industry may consider better-ranked
Montage Technology Group Limited
Microchip Technology Inc.
). While Montage sports a Zacks Rank #1 (Strong Buy), MaxLinear and
Microchip carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
MICROCHIP TECH (MCHP): Free Stock Analysis
MAGNACHIP SEMI (MX): Free Stock Analysis Report
MAXLINEAR INC-A (MXL): Free Stock Analysis
MONTAGE TECH GP (MONT): Free Stock Analysis
To read this article on Zacks.com click here.