UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 8-K

                                 CURRENT REPORT
    Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)  June 27, 2003
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                                 NVE Corporation
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             (Exact name of registrant as specified in its charter)

         Minnesota                     000-12196                 41-1424202
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(State or other jurisdiction          (Commission             (IRS Employer
      of incorporation)               File Number)          Identification No.)


11409 Valley View Road, Eden Prairie, Minnesota                        55344
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    (Address of principal executive offices)                         (Zip Code)

Issuer's telephone number, including area code  (952) 829-9217
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        (Former name or former address, if changed since last report.)


Item 9. Regulation FD Disclosure
       We plan to begin the mailing of our 2003 Annual Report to shareholders
on or about June 27, 2003, which will include the 2003 Letter to Shareholders.
Attached as Exhibit 99 is the 2003 Letter to Shareholders.

       The information in this report, including the exhibits hereto, shall not
be deemed to be "filed" for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liability of that section.
The information contained herein and in the accompanying exhibits shall not be
incorporated by reference into any filing with the U.S. Securities and Exchange
Commission made by us, whether made before or after the date hereof, regardless
of any general incorporation language in such filing.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized:

                                           NVE CORPORATION

Date: June 26, 2003                        /s/ Daniel A. Baker
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                                           By: Daniel A. Baker
                                           President and Chief Executive Officer