InvenSense, Inc. was incorporated in the State of California in June 2003 and reincorporated in the State of Delaware in October 2004. The Company provides intelligent motion processing solutions that enable a motion-based user interface for consumer electronics. The Company's solutions are comprised of an integrated circuit (IC) that incorporates motion sensors, such as gyroscopes, with associated software and are differentiated by their small form factor, high level of integration, performance, reliability and cost effectiveness. While its solutions have broad applicability, it currently targets consumer electronics applications such as console and portable video gaming devices, handset and tablet devices, digital still and video cameras, digital television and set-top box remote controls, 3D mice and portable navigation devices. It combines its patented Nasiri-Fabrication process, MEMS-based motion sensor designs and methodologies, mixed-signal IC integration techniques, and proprietary software libraries to deliver multi-axis motion processing solutions, which include multi-axis gyroscopes and other sensors integrated through its SensorFusion technology and delivered on a single chip. The Company utilizes a fabless model, leveraging current CMOS and MEMS foundries and semiconductor packaging supply chains. It defines motion processing as the ability to detect, measure, synthesize, analyze and digitize an object's motion in three-dimensional space. Its technology is comprised of four proprietary components: its patented Nasiri-Fabrication process, its advanced MEMS gyroscope design, its mixed-signal circuitry that provides sensor signal processing and enables SensorFusion technology critical to its MotionProcessing platform, and its MotionProcessing library and MotionApplication software solutions. It primarily sells its products to customers and non-stock carrying distributors in Asia. InvenSenseTM , MotionProcessingTM, MPLTM, DigitalMotionTM, DMPTM, SensorFusionTM, MotionApplicationTM, MASTM, AirSignTM, MotionCommandTM, TouchAnywhereTM and BlurFreeTM are its trademarks. The Company faces competition primarily from integrated semiconductor manufacturers, such as Analog Devices, Inc., Robert Bosch GmbH, Epson Toyocom Corporation, Freescale Semiconductor, Inc., Kionix, Inc. (a wholly owned subsidiary of Rohm Co., Ltd.), Murata Manufacturing Co., Ltd., Panasonic Corporation, Sony Corporation and STMicroelectronics N.V.