INNOVATIVE MICRO TECHNOLOGY INC

INNOVATIVE MICRO TECHNOLOGY INC

Based on my research, I now have enough information to write the company overview. The company was known as Applied Magnetics Corporation until its 2001 bankruptcy reorganization, and was primarily a manufacturer of head gimbal assemblies for the disk drive industry in 1999. After reorganization, they pivoted to MEMS technology. Innovative Micro Technology Inc (CIK 6948) is an electronic components manufacturer specializing in micro-electro-mechanical systems (MEMS) design and manufacturing, headquartered in Goleta, California. The company provides turnkey MEMS platform solutions encompassing design, development, prototyping, and volume production services to customers in the semiconductor and industrial sectors. Prior to its Chapter 11 reorganization completed in November 2001, the company operated as Applied Magnetics Corporation, manufacturing head gimbal assemblies and head stack assemblies for the disk drive industry. Innovative Micro Technology's operations leverage advanced fabrication technologies including photolithography, material deposition, material removal, and wafer bonding, positioning the company within the broader electronic components NEC industry. The MEMS sector faces significant regulatory oversight regarding environmental compliance and advanced manufacturing standards, while the company faces competitive pressures from larger semiconductor manufacturers with greater resources. Discover live SEC filings and detailed financial information for Innovative Micro Technology Inc on Earnings Feed.