EXHIBIT 23.1

CONSENT OF INDEPENDENT AUDITORS

     We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Form S-3) of NVE Corporation for the registration of
1,221,487 shares of its common stock and to the incorporation by reference
therein of our report dated April 25, 2003, with respect to the financial
statements of NVE Corporation included in its Annual Report (Form 10-KSB) for
the year ended March 31, 2003, filed with the Securities and Exchange
Commission.

                                 /s/ Ernst & Young LLP

Minneapolis, Minnesota
September 26, 2003