Allegro MicroSystems, Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Michael C. Doogue
- Full Time Employees
- 4,250
- Sector
- Electronic technology
- Industry
- Semiconductors
- Address
- 955 Perimeter Road Manchester NH United States 03103
- IPO Date
- Oct 29, 2020
- CIK
- 0000866291
- Website
- allegromicro.com
- Similar Companies
- Business
- Allegro MicroSystems, Inc. specializes in the design, development, and manufacture of semiconductor integrated circuits (ICs) primarily for sensing and power management applications. The company's core products include magnetic sensors; current and voltage sensors; power integrated circuits such as isolated gate drivers and power-thru solutions; motor driver ICs; and automotive system-on-chip (SoC) devices. Allegro's product portfolio serves critical markets encompassing automotive, industrial, data center, and clean energy sectors, providing solutions that enhance electrification, automation, and energy efficiency. Founded in 1990 and headquartered in Manchester, New Hampshire, Allegro operates globally with a focus on technological innovation in sensor and power IC technology. Recent major company developments include the launch of new high-performance current sensor ICs featuring Allegro’s proprietary XtremeSense™ TMR technology, which improve precision in power conversion systems for electric vehicles and clean energy applications. In 2023, Allegro completed the acquisition of Crocus Technology, a leader in advanced TMR sensor technology, to accelerate innovation in magnetic sensing. The company also expanded its isolated gate driver IC portfolio with new products aimed at higher power density and efficiency. Additionally, Allegro experienced a strategic rebound in fiscal 2025-2026 with revenue growth driven by increasing demand in electric vehicles and industrial automation markets. Notably, an unsolicited acquisition proposal by onsemi in 2024-2025 for approximately $6.9 billion was publicly made but later withdrawn, underscoring Allegro’s strong positioning and strategic interest from major industry players. The company continues to invest in research and development to enhance product offerings and market reach. Allegro’s key industry segments include automotive electronics (with emphasis on electric vehicles and safety systems), industrial automation, data center cooling and power management, and clean energy solutions. Its products enable functionality in motor control, battery management, power conversion, and sensing integration. Customer types range from automotive OEMs to industrial equipment manufacturers and data center operators. Allegro’s strategic acquisitions and new product launches reflect its focus on high-growth sectors such as electric mobility and sustainable energy, supported by a technology platform designed for precision sensing and advanced power control. Overall, Allegro MicroSystems’ comprehensive product range, global footprint, recent technological advancements, and strategic transactions position it as a leading semiconductor provider in magnetic sensing and power integrated circuits, with pronounced growth prospects tied to electrification and automation trends worldwide.
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