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DelfMEMS, a startup company that has been developing RF MEMS switching solutions, announced this week that the company has secured $7.4 million in round C funding. The company said that the new investment will be used to support the company's growth in the next generation, wireless front-end modules for mobile devices such as smartphones and tablets that need multi-standard, multi-mode mobile telephony.
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According to our research, the MEMS market for medical applications is currently approximately $2.1 billion, and is projected to grow at double digit rates for the next decade. Since MEMS based motion sensors for consumer applications are rapidly getting commoditized, medical MEMS may represent the most lucrative emerging opportunity for MEMS device designers and manufacturers. Tronics, a MEMS foundry services provider, is already manufacturing MEMS devices for several key players in the medical industry. The company says that it has made this market segment a priority and wants to grow its medical business to more than $20 million annually within three to five years. We recently spoke with Herve Borrel, Tronics’ President of North America.
Knowles Corporation, a leading supplier of advanced micro-acoustic solutions, announced this week the results for the first quarter ended March 31, 2014. Revenue for the first quarter of 2014 was $273.4 million, compared with $276.1 million reported in the same period one year ago. Gross profit for the first quarter of 2014 was $83.1 million compared with gross profit of $94.5 million reported in the same period one year ago. Net earnings for the first quarter of 2014 were $7.6 million compared with $11.9 million reported in the same period one year ago. Current period results include $10.7 million from amortization of intangibles, $9.1 million in production transfer costs and spin related charges and $1.5 million in stock-based compensation.
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