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MagnaChip, SENIS join hands in patent licensing

Posted: 18 Jun 2014     Print Version  Bookmark and Share

Keywords:MagnaChip Semiconductor  SENIS  patent license  sensor  consumer application 

MagnaChip Semiconductor Corp. has signed a patent license agreement with SENIS AG, a manufacturer of magnetic field and current measurement instruments based in Zug, Switzerland. The deal allows MagnaChip to acquire the right to use a portfolio of SENIS' patents covering magnetic field and current measurement technologies in its sensor products.

MagnaChip expects the agreement to significantly strengthen the company's existing initiatives in sensors and allow development of sensor solutions for novel industrial and consumer applications. MagnaChip's existing portfolio of sensors includes the e-Compass and MXM11XX digital Hall sensor family.

"We are pleased to reach a strategic alliance agreement with SENIS AG, a company that we have previously collaborated with in a close partnership," said YJ Kim, interim CEO of MagnaChip and GM of MagnaChip's display solutions division. "With access to SENIS' high performance magnetic field and current measurement technology, we expect to accelerate development of differentiated sensor solutions for our customers, particularly in industrial applications."

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