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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 (Nasdaq: ALGM) has announced a new distribution partnership with Mouser Electronics. This collaboration expands Allegro's global distribution network, enabling a wider range of customers to access their products. Mouser will offer Allegro's current sensors, position and speed sensors, and power management ICs on its website. This partnership enhances Allegro's commitment to customer diversity and provides engineers with easier access to energy-efficient solutions.
Allegro MicroSystems (Nasdaq: ALGM) will release its first quarter fiscal year 2023 financial results on July 28, 2022, before market opening. Following the release, a conference call will be held at 8:30 a.m. EDT, featuring Vineet Nargolwala, President and CEO, and Derek D’Antilio, CFO. Investors can join via a live webcast or by registering for a dial-in number. Allegro MicroSystems specializes in sensor integrated circuits and application-specific analog power ICs for automotive and industrial markets, contributing to technologies in electrification and automation.
Allegro MicroSystems (Nasdaq: ALGM) has launched two new magnetic position sensors, A33110 and A33115, at the Sensors Converge Conference in San Jose, CA. These sensors integrate vertical Hall and TMR technologies, delivering enhanced accuracy and safety for advanced driver assistance systems (ADAS). The A33110 and A33115 cater to the needs of automated vehicles by providing up to eight times greater sensitivity compared to standard sensors. Both products are ASIL D-compliant, enabling comprehensive safety checks, and highlight Allegro’s commitment to innovation in the automotive sensor market.
Allegro MicroSystems announces the acquisition of Heyday Integrated Circuits for approximately $19 million. This acquisition is aimed at enhancing Allegro’s offerings in energy-efficient solutions, particularly in electric vehicles, solar power, and charging infrastructure. Heyday specializes in isolated gate drivers that integrate multiple components in a compact design. This deal is projected to expand Allegro’s market by an estimated $2.7 billion within high-growth sectors.
The acquisition is expected to close in Q3 2022, pending regulatory approvals.
Allegro MicroSystems (NASDAQ: ALGM) announced that CEO Ravi Vig and CFO Derek D’Antilio will present at the Cowen 50th Annual Technology, Media & Telecom Conference on June 1, 2022, at 3:20 PM ET in New York City. The event will showcase Allegro's advancements in sensing and power semiconductor technology for automotive and industrial markets. Investors can access the webcast at this link and find archived presentations on the company's Investor Relations page.
Allegro MicroSystems (Nasdaq: ALGM) announced the launch of two new sensorless BLDC gate drivers, A89332 and A89332-1, on May 25, 2022. These devices aim to enhance thermal efficiency in data centers, helping to reduce energy consumption and operational costs. Key innovations include an integrated power loss brake, which prevents reverse fan rotation and optimizes power usage. The new drivers are compact, with a 4mm x 4mm QFN package, and are positioned as industry-leading solutions designed to simplify server cooling systems while improving reliability and time-to-market for manufacturers.
Allegro MicroSystems (Nasdaq: ALGM) has launched two innovative full-bridge gate drivers, A89505 and A89506, designed for automotive and industrial use. These drivers replace mechanical relays with solid-state solutions, enhancing performance and reliability while minimizing design footprint. Capable of operating at a maximum of 50V, they include built-in current sensing and diagnostics, significantly reducing the need for external components. These advancements cater to applications such as electric vehicle components and robotics, promoting battery efficiency and reliability in compact designs.
Allegro MicroSystems announces the retirement of CEO Ravi Vig, effective June 13, 2022, after nearly 38 years. He played a key role in the company's strategic transformation and record fiscal year 2022 growth of 30% in net sales. Vineet Nargolwala has been appointed as the new President and CEO, bringing 25 years of leadership experience from Sensata Technologies and Honeywell. Nargolwala aims to capitalize on growth opportunities in electrification and autonomous vehicles, emphasizing innovation in semiconductor technology.
Allegro MicroSystems (ALGM) reported record revenue and profitability for Q4 and FY 2022, with net sales of $200.3 million in Q4, a 14% increase YoY. Automotive sales reached $141.2 million, up 19%, contributing to full-year net sales of $768.7 million, a 30% growth. GAAP diluted EPS rose to $0.62, up 520% YoY. The company expects Q1 2023 sales between $205-$210 million, with non-GAAP EPS guidance of $0.22-$0.23. Allegro cites strong market trends like vehicle electrification and ADAS as key growth drivers.
Allegro MicroSystems (Nasdaq: ALGM) has shipped its three billionth motor driver IC, showcasing the growth of its motion control business. This milestone highlights the demand for high-performance motor drivers in automotive, industrial, and consumer applications. The company's innovations focus on reducing costs and enhancing safety standards. Allegro emphasizes co-development with customers, leading to efficient single-chip solutions. Future motor driver products are set to improve battery life and system costs while adhering to sustainability practices.
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