Welcome to our dedicated page for Allegro Microsystems news (Ticker: ALGM), a resource for investors and traders seeking the latest updates and insights on Allegro Microsystems stock.
Allegro Microsystems Inc. (ALGM) is a leader in developing sensor and power integrated circuits for automotive and industrial applications. This page provides a comprehensive repository of official news releases and strategic updates, offering stakeholders timely insights into the company’s advancements in semiconductor technology.
Investors and industry professionals will find curated information on financial results, product innovations, and strategic partnerships. Our collection spans announcements related to Allegro’s core technologies in motion control, energy-efficient systems, and high-voltage solutions critical for electric vehicles and industrial automation.
Content is organized to highlight key developments in Allegro’s SENSE, REGULATE, and DRIVE product categories, ensuring easy access to updates impacting automotive safety, power management, and motor control markets. Bookmark this page to stay informed on Allegro’s role in advancing semiconductor solutions for a sustainable, tech-driven future.
Allegro MicroSystems (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions, has announced its participation in TD Cowen’s 52nd Annual Technology, Media & Telecom Conference. This event will take place on May 29, 2024, at the InterContinental New York Barclay in New York, NY. CEO Vineet Nargolwala will engage in a fireside chat at 3:00 PM EST. The session will be accessible via a live and archived webcast on Allegro's Investor Relations page.
Polar Semiconductor, the only U.S.-based manufacturer specializing in sensor, power, and high-voltage semiconductors, plans to invest $525 million in expanding its Bloomington, Minnesota facility over the next two years. The expansion will double its domestic semiconductor manufacturing capacity, create over 160 new jobs, and receive state incentives and potential federal funding. Niobrara Capital and Prysm capital will lead a $175 million equity investment, transitioning Polar to a U.S.-owned foundry. The company aims to serve new markets with innovative technologies and cutting-edge semiconductor products.
Allegro MicroSystems, Inc. reported a record sales of $1.05 billion in fiscal year 2024, with a significant 8% increase. E-Mobility drove a 38% growth in automotive sales, leading to a 17% year-over-year rise. The company achieved non-GAAP EPS of $1.35 and secured over $1 billion in design wins. Allegro strengthened its market positions with TMR technology and high voltage gate drivers. For fiscal year 2025, the company expects a return to sequential growth in the second quarter.
Allegro MicroSystems collaborates with GHSP to introduce the new eVibe system for electric vehicles, leveraging best-in-class gate driver and vehicle sensor technology to provide a more immersive driving experience. The technology aims to cater to a growing market segment that craves the familiar feel of traditional internal combustion engines, enhancing the driving experience through noise and vibration simulation. The partnership between Allegro and GHSP showcases innovative solutions that drive the future of xEV technology, offering high power density, fast switching capabilities, and precise motor monitoring for realistic vibration experiences.
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