Allegro microsystems to acquire crocus technology to accelerate innovation in tmr sensing technology

-- tunnel magnetoresistance (“tmr”) represents fastest growing technology in magnetic sensing approaching $1b sam by 2030 -- manchester, n.h., aug. 08, 2023 (globe newswire) -- allegro microsystems, inc. (“allegro”) (nasdaq: algm), a global leader in power and sensing semiconductor technology for motion control and energy efficient systems, today announced that it has signed a definitive agreement to acquire crocus technology (“crocus”) for $420 million in cash.
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