Crocus technology acquired by allegro microsystems to accelerate innovation in tmr sensing technology

Tunnel magnetoresistance ("tmr") represents fastest growing technology in magnetic sensing, approaching $1b sam by 2030 milpitas, calif. , aug. 8, 2023 /prnewswire/ -- crocus technology ("crocus"), a leader in advanced tunnel magnetoresistance ("tmr") sensor technology, today is announcing that it has signed a definitive agreement to be acquired for $420 million in cash by allegro microsystems, inc. ("allegro") (nasdaq: algm) a global leader in power and sensing semiconductor technology for motion control and energy efficient systems.
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