Memsic Inc (NASDAQ:MEMS)

MEMSIC, Inc. is a provider of semiconductor sensor systems solutions based on micro electromechanical systems technology and advanced integrated circuit design. It supplies inertial sensors systems, sensor components and wireless sensors. The company provides advanced semiconductor sensors and multi-sensor system solutions based on micro-electromechanical systems technology and sophisticated integration technologies in both the IC level and module level. Its unique and proprietary approach combines leading-edge sensor technologies, such as magnetic sensors and accelerometers, with mixed signal processing circuitry to produce reliable, high quality, cost-effective solutions for the mobile phone, automotive, consumer, industrial and general aviation markets. The company operates its business through two segments: Semiconductor Sensor and Sensor System Solutions. The Semiconductor Sensor segment combines proprietary thermal-based MEMS technology and advanced analog mixed signal processing circuitry design into a single chip using a standard CMOS process. The Sensor System Solution segment consists of wireless sensors which connect the physical environment with enterprise management and information systems to provide advanced monitoring, automation and control solutions for a range of industries, as well as inertial systems. The company was founded by Yang Zhao on March 3, 1999 and is headquartered in Andover, MA.