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NextInput, a developer of MEMS based "force touch" sensor technology, announced this week that the company has closed its Series A1 funding round of $5.1 million. With this round, NextInput added new investors including Danhua Capital, UMC Capital, and Cota Capital. The company said that it has raised $13.1 million in two consecutive, oversubscribed funding rounds.
Continue reading "MEMS device maker NextInput closes $5.1 million funding round " »
Although shipments of MEMS sensors used in automotive applications grew 8.4% in 2015, revenues were flat compared to the previous year, reaching $2.7 billion. In contrast, the value of this market is expected to recover this year, rising 4.3% to reach $2.8 billion in 2016, according to IHS Markit. The automotive MEMS market is forecast to grow at a compound annual growth rate of 6.9% from 2015 to 2022, to reach $3.2 billion in 2022. Global shipments will exceed two billion units for the first time at the end of this period.
Continue reading "Automotive MEMS sensor unit shipments rose in 2015, even as revenue stalled" »
