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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.
Allegro MicroSystems, Inc. (Nasdaq: ALGM) announced it will release its fourth quarter and fiscal year 2023 financial results on May 10, 2023, following market close. A conference call hosted by President and CEO Vineet Nargolwala and CFO Derek D’Antilio will take place on May 11, 2023, at 8:30 a.m. EDT to discuss these results and the company’s business outlook. Interested analysts and investors can participate via a registration link provided, which is required for dial-in participants. A live and archived audio webcast will be available on the company’s website for 90 days. Allegro MicroSystems specializes in sensor integrated circuits and application-specific analog power ICs, targeting automotive and industrial markets, focusing on technologies that promote vehicle electrification and energy efficiency.
Allegro MicroSystems has expanded its ClearPower module solutions by introducing two new switching regulators, the APM81803 and APM81911, designed for industrial and automotive applications. These modules significantly enhance electromagnetic compatibility (EMC) while reducing development costs and time to market. They achieve a 70% reduction in PCB footprint compared to conventional solutions and can lower electromagnetic interference (EMI) by up to five times. Both regulators are AEC-Q100 qualified and operate within a voltage range of 3.5V to 36V, with a low quiescent current of 6 µA. Pricing and availability details are also provided.
Allegro MicroSystems has announced the availability of samples for the ACS37601 sensor, designed for electric vehicles, offering advanced safety and accuracy features. This ASIL C-rated sensor achieves high precision with low noise and fast response times, meeting new automotive safety requirements for battery management systems.
The ACS37601 provides measurement capabilities exceeding 200 Amperes and is designed for efficient power management in EVs, with customer collaboration highlighted by Littelfuse. Samples are available in a thin package suitable for surface-mount assembly.
Allegro MicroSystems, a leader in power and sensing semiconductor technology, will host its inaugural Analyst Day on March 14, 2023, in New York City. This event aims to provide insights into the company's strategies, technology innovations, and focus on high-growth markets. Key executives, including President Vineet Nargolwala and CFO Derek D’Antilio, will discuss Allegro's technology leadership and present an updated financial model, alongside product demonstrations. The Analyst Day is invitation-only for in-person attendees but will also feature a live virtual stream and archived webcast available on Allegro's website.
Allegro MicroSystems (Nasdaq:ALGM) reported record financial results for Q3 2023, with total net sales reaching $248.8 million, a 33% increase year-over-year. Automotive net sales hit $170.1 million, up 30.1% year-over-year, while Industrial sales surged to $51.0 million, marking a 59.9% increase. Gross margins also set records at 57.3% GAAP and 58.0% non-GAAP. The company achieved diluted earnings per share of $0.33 GAAP and $0.35 non-GAAP, reflecting increases of 94% and 84% year-over-year, respectively. For Q4 2023, Allegro anticipates net sales between $260 million and $270 million, with gross margins around 57.0%.
MANCHESTER, N.H., Jan. 27, 2023 – Allegro MicroSystems (Nasdaq: ALGM) announced that Polar Semiconductor, its joint venture with Sanken Electric, will receive a $150 million equity investment from One Equity Partners. This funding will enhance Polar's 200 millimeter wafer capacity at its Bloomington, Minnesota facility. Additionally, Polar is seeking U.S. CHIPS Act funding to support its capacity and cost leadership initiatives, crucial for automotive and industrial applications. The transaction is expected to close in the first quarter of Allegro's 2024 fiscal year, ensuring expanded U.S.-based capacity to meet growing customer demand.
Allegro MicroSystems (Nasdaq: ALGM) announced plans to open a new office in Richardson, Texas, focusing on semiconductor integrated chips for electric vehicles.
Set to launch in Spring 2023, the center will create job opportunities and enhance R&D for sensors and power integrated circuits. Allegro aims to triple its local workforce in the coming years, tapping into the area's talent pool.
The move is a part of Allegro's mission for sustainable technology and is supported by the city's vibrant technology sector and proximity to The University of Texas at Dallas.
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