Analog Devices sold its microphone product line assets to MEMS device maker InvenSense for $100 million in cash. The sold assets include analog and digital output microphones, as well as certain support operations. The total revenue ADI has earned from microphone business is not more than 1% of total ADI's revenue.
“This agreement will allow ADI to focus on combining precision sensing technology and signal processing systems expertise to deliver the highest value to customers in our highest priority markets while driving sustainable growth and profitability for ADI,” said Mark Martin, vice president of ADI’s Sensor Products and Technology Group. “The impact of high performance inertial sensing innovation is increasing across automotive, industrial, and healthcare applications and we are focusing our resources accordingly.”