Melexis NV

Melexis, based in Ieper, designs and sells the sensor and driver chips that make cars smarter, from the sensors measuring position, speed and current to the chips controlling motors and lights. With dozens of these chips in a modern vehicle, it benefits from the growing electronics content of every car, especially electric and driver-assistance systems. Melexis has paid a generous dividend for years, distributing much of its profit, though the payout swings with the cyclical car and chip markets. A solid yield backed by a focused automotive-chip specialist defines its profile, tied to vehicle demand and semiconductor cycles.