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NVE Corporation engages in the development and sale of spintronics devices. Spintronics is a nanotechnology that utilizes electron spin rather than electron charge to acquire, store, and transmit information. Its offers sensor products that detect the presence of a magnet or metal to determine position or speed, and couplers, which transmit digital data at high speed and are used for factory and industrial networks. The company also licenses its spintronic magnetoresistive random access memory technology. It sells its products through manufacturers' representatives and distributors primarily in the United States. The company was founded in 1982 and is based in Eden Prairie, Minnesota.