InvenSense signs tier one auto manufacturer? +3
It's been just under a month since InvenSense announced its entry into the $5 trillion automotive market, but this article quotes Amir Panush, InvenSense's head of automotive and industrial applications, as saying
We have signed a deal with a Tier One partnerThere's not much more detail than that, and it's hard to get too excited about this without more information and a formal announcement. Nonetheless, I wanted readers to know that we might expect that sooner rather than later. IHS sees MEMs for automotive applications as a $2.57b market this year. That's almost 7 times InvenSense's 2015 revenue, so the opportunity is significant.