Silex Microsystems, recently ranked by Yole Développement as the world's largest pure-play MEMS foundry, announced this week that it has been awarded a nearly $450,000 research grant from VINNOVA, the Swedish Governmental Agency for Innovation Systems, to develop cutting-edge ferromagnetic materials for use in MEMS devices powering next-generation smart phone applications. Silex reportedly was one of the companies chosen out of 340 applicants for this award. "Magnetic MEMS is a key material for future MEMS products because it enables multi-axis sensor integration," said Dr. Thorbjörn Ebefors, Chief Technologist at Silex Microsystems.