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Allegro MicroSystems, Inc. (Nasdaq: ALGM) is a distinguished leader in the development, manufacture, and marketing of high-performance semiconductors. Headquartered in Worcester, Massachusetts, Allegro is at the forefront of innovative semiconductor solutions catering to high-growth applications within the automotive sector, as well as office automation, industrial, and consumer/communications markets.
Core Business and Capabilities:
Allegro specializes in designing sensor integrated circuits (ICs) and application-specific analog power ICs, primarily for automotive and industrial applications. Their product categories include:
- SENSE: This category comprises Current Sensors, Switches and Latches, and Interface ICs, allowing precise measurement of motion, speed, position, and current.
- REGULATE: Includes Regulators, ClearPower Modules, and LED Drivers focused on efficient power management.
- DRIVE: Encompasses BLDC Drivers, Brush DC, and other high-temperature and high-voltage capable motor drivers.
Recent Achievements and Initiatives:
Allegro has made significant strides with several recent product launches and partnerships:
- Purpose-Built Isolated Gate Drivers: Collaborated with Transphorm, Inc. to enhance GaN power system design for high-power applications, aiming to boost efficiency and power density in data centers, renewables, and electric vehicles.
- New High Voltage Power Product: Launched the AHV85111 isolated gate-driver IC, which adds critical safety features for e-Mobility and clean energy applications.
- Financial Performance: Reported record sales and earnings for fiscal year 2024, attributed to strong momentum in e-Mobility and automotive markets.
- High-Bandwidth Current Sensors: Introduced ACS37030 and ACS37032 sensors to enhance power conversion with GaN and SiC technologies in electrified vehicles and clean energy solutions.
- Innovative Gate-Driver IC: Launched the AHV85000/40 isolated gate-driver for xEV charging, solar inverters, and energy storage systems, providing greater design flexibility and efficiency.
Global Reach:
Allegro operates with a global footprint, having design, applications, and sales support centers located worldwide, ensuring robust support for its international customer base. Key revenue markets include Greater China, the United States, Japan, Europe, and other regions.
For more information, please visit Allegro MicroSystems.
Rhea-AI Summary
Allegro MicroSystems, Inc. (Nasdaq:ALGM) announced its financial results for the second quarter, ending September 29, 2023. Net sales increased by 16% year-over-year, with automotive sales leading the growth at 31% year-over-year. E-Mobility applications accounted for 50% of automotive sales, growing nearly 60% year-over-year. GAAP and non-GAAP EPS increased by 31% and 29% respectively. The company expects net sales for the third quarter to be in the range of $250 million to $260 million.
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Allegro MicroSystems, Inc. has completed the acquisition of Crocus Technology for $420 million in cash. This acquisition strengthens Allegro's position in the magnetic sensing market and accelerates its TMR roadmap. The acquisition was funded by cash on hand and a new seven-year $250 million senior secured term loan.
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Allegro MicroSystems appoints Mary G. Puma to its Board of Directors to fill the vacancy left by Dr. Reza Kazerounian's retirement.
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Allegro MicroSystems selected as sole Current Sensor IC supplier for BMW Group's electric vehicles
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Allegro MicroSystems plans to release financial results for Q2 FY2024 on November 2, 2023.
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ALGM - Allegro MicroSystems announces the acquisition of Crocus Technology for $420 million in cash, aiming to tap into the fast-growing Tunnel Magnetoresistance (TMR) technology market expected to reach $1 billion by 2030. The acquisition is aligned with Allegro's focus on e-mobility, clean energy, and automation, aiming to offer a broader product portfolio to its customers.
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Allegro MicroSystems, Inc. (ALGM) announces acquisition of Crocus Technology, a leader in Tunnel Magnetoresistance (TMR) sensor technology, for $420 million in cash. TMR is expected to approach a $1 billion market by 2030, with a 30% CAGR driven by e-Mobility, Clean Energy, and Automation applications.
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ALGM - Allegro MicroSystems, Inc. Announces Record Net Sales and Earnings Growth, with GAAP Diluted EPS up by 520% and Non-GAAP Diluted EPS up by 63%. Strategic Growth Areas Increased by 63% Year-over-Year. First quarter sales reached $278 million, marking a new milestone in the company's financial performance.
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Allegro MicroSystems has announced the launch of its new Power-Thru isolated gate driver, which delivers 2× the power density with a simpler and more efficient system design. The gate driver drives GaN FETs with up to a 50% smaller footprint and a 40% efficiency improvement compared to competitor offerings. It eliminates the need for a separate isolated power supply and reduces EMI pathways, resulting in faster time to market, efficiency gains, and production cost savings.
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FAQ
What is the current stock price of Allegro MicroSystems (ALGM)?
The current stock price of Allegro MicroSystems (ALGM) is $21.31 as of November 22, 2024.
What is the market cap of Allegro MicroSystems (ALGM)?
The market cap of Allegro MicroSystems (ALGM) is approximately 3.9B.
What does Allegro MicroSystems, Inc. specialize in?
Allegro specializes in developing, manufacturing, and marketing high-performance sensor ICs and application-specific analog power ICs for automotive and industrial applications.
Where is Allegro MicroSystems headquartered?
Allegro MicroSystems is headquartered in Worcester, Massachusetts, USA.
What recent products has Allegro MicroSystems launched?
Recent launches include the AHV85111 isolated gate-driver IC, ACS37030/32 high-bandwidth current sensors, and AHV85000/40 isolated gate-driver IC for xEV charging and solar inverters.
Who are Allegro MicroSystems' key revenue markets?
Allegro's key revenue markets include Greater China, the United States, Japan, Europe, and other regions.
What are the primary applications of Allegro's semiconductor solutions?
Allegro's solutions are used in automotive, office automation, industrial, consumer, and communication applications, focusing on motion control and energy-efficient systems.
How does Allegro support its global customer base?
Allegro has design, applications, and sales support centers worldwide to provide robust support for its international customers.
What is the significance of Allegro's collaboration with Transphorm, Inc.?
The collaboration aims to enhance GaN power system design for high-power applications, improving efficiency and power density in data centers, renewables, and electric vehicles.
What financial achievements did Allegro report for fiscal year 2024?
Allegro reported record sales exceeding $1 billion and a record level of design wins surpassing $1 billion, driven by strong momentum in e-Mobility and automotive markets.
How does Allegro's new AHV85000/40 gate-driver IC benefit engineers?
The new gate-driver IC provides greater design flexibility for isolation, power, and layout, allowing engineers to maximize power efficiency in clean energy applications.
What are some of Allegro's core product categories?
Allegro's core product categories include SENSE (Current Sensors, Switches, Latches), REGULATE (Regulators, LED Drivers), and DRIVE (Motor Drivers for BLDC and Brush DC motors).
Allegro MicroSystems, Inc.
Nasdaq:ALGM
ALGM Rankings
ALGM Stock Data
3.86B
122.72M
33.3%
78.18%
6.69%
Semiconductors
Semiconductors & Related Devices
United States of America
MANCHESTER