Leuven – April 23, 2025 – ICsense, a TDK Group Company and independent subsidiary specializing in the design of Application Specific Integrated Circuits (ASICs), concluded its financial year on March 31st with remarkable success. ICsense, recognized as Europe’s leading IC design company, recorded a revenue exceeding for the first time the 20 MEuro mark and achieving double-digit operational profit figures. This exceptional performance is attributed to excellence in project execution and the swift growth of recurring revenue from ASIC (Application Specific IC) sales.

In response to this sustained growth, the ICsense team has expanded its workforce significantly, with nearly 120 employees now operating across its offices in Leuven and Ghent, Belgium.

As part of its strategic growth plan, ICsense has made substantial investments in enhancing its in-house production testing (ATE – Automated Test Equipment) capabilities—a trend that will continue in the coming years. “We have doubled our testing facilities to accommodate additional ATE testers and production handlers, enabling us to advance in-house test development and production. This expansion will further bolster our recurring revenue,” explained Bram De Muer, CEO of ICsense. “With the synergy of our in-house testing capabilities and long-term partnerships, we are well-equipped to supply ASICs at scales ranging from a few batches per year to over 100 million units annually.”

Looking ahead, ICsense is also preparing for future expansion by enlarging its office space, ensuring ample capacity for growing resources in IC design, product engineering and production testing. The company’s secured recurring revenue streams and recent ASIC design wins with prominent medical and automotive clients have laid a solid foundation for sustained growth in the coming years.

This milestone reflects ICsense’s unwavering commitment to innovation, quality, and meeting the dynamic demands of its industry.

About ICsense

ICsense, headquartered in Leuven (Belgium), is an independent subsidiary of the TDK Group and Europe’s premier IC design company. ICsense’s core business is ASIC development and supply and custom IC design services. ICsense has the largest fab-independent European design group with world-class expertise in analog, digital, mixed-signal and high-voltage IC design. The company develops and supplies customer exclusive ASIC solutions for the automotive, medical, industrial and consumer market compliant with ISO9001, ISO13485, IEC61508-ISO26262. [www.icsense.com]

About TDK Corporation

TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately “Attracting Tomorrow.” It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK’s comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2024, TDK posted total sales of USD 14.6 billion and employed about 101,000 people worldwide.