Cherry

Germany

German manufacturer of keyboard switches, industrial input devices, and sensors. The MX series mechanical key switch is the most influential switch design in computing history.

Official website

Company Information

Headquarters
Auerbach, Germany
Founded
1953

Leadership

Oliver Kaltner

CEO

2022–present

Navigating post-IPO challenges. Stock price declined significantly from IPO highs. Focus on gaming peripherals and industrial applications.

News & Events

Cherry stock drops 80% from IPO price

Cherry SE shares fall from €32 IPO price to under €5, impacted by gaming peripheral market downturn and intense competition from Chinese switch makers.

March 2024 Financial Times Earnings

Cherry IPO on Frankfurt Stock Exchange

Cherry SE lists at €32 per share, valuing the keyboard switch maker at approximately €800M. Stock later declines significantly.

June 2021 Bloomberg Other

Cherry MX patent expiry enables clone market explosion

With the core MX crossmount patent expired, Gateron, Kailh, and dozens of Chinese manufacturers begin mass-producing compatible switches at lower prices.

October 2014 Deskthority Wiki Regulation

History

1953 introduced

Cherry Electrical Products founded in Illinois

Walter Cherry founded Cherry Electrical Products in Highland Park, Illinois, manufacturing snap-action switches.

1967 introduced

Cherry opens German factory

Cherry Mikroschalter GmbH established in Auerbach, Germany. This factory would become the home of MX switch production.

1984 patent

Cherry MX keyswitch patent filed

Cherry patents the MX-mount mechanical keyswitch design (crossmount stem). This design would become the most influential switch architecture in computing history.

Source →
2008 acquired

ZF Friedrichshafen acquires Cherry

German automotive supplier ZF Friedrichshafen acquires Cherry Corporation. MX switch production continues in Auerbach.

2014 updated

Cherry MX patent expires

The original Cherry MX crossmount patent expires, enabling Gateron, Kailh, and dozens of other manufacturers to produce MX-compatible switches. This event transformed the mechanical keyboard market.

2021 updated

Cherry SE re-listed on Frankfurt Stock Exchange

Cherry re-IPOs as Cherry SE on the XETRA exchange after ZF sells its stake. Valued at approximately €800M.