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 develops power and sensing semiconductor solutions for motion control and energy-efficient systems, including magnetic sensing devices, sensor ICs and application-specific analog power ICs used in automotive, clean energy, industrial automation, AI data center and robotics applications.
Recurring news for ALGM covers quarterly and fiscal-year results, business outlook, product launches and portfolio expansions. Company updates include Hall-effect and TMR current sensors such as ACS37017, ACS37100 and ACS37200, Power-Thru isolated SiC gate drivers, term-loan financing actions, leadership appointments, analyst-day materials and strategy discussions tied to electrification, automation and high-voltage power conversion.
Allegro MicroSystems (Nasdaq: ALGM) has launched two new high-power current sensors, the ACS37220 and ACS37041, aimed at improving efficiency and reliability in industrial, automotive, and clean energy applications. The ACS37220 can monitor high currents up to 200A, while the ACS37041, the smallest leaded magnetic current sensor in the industry, is suitable for applications up to 30A. These sensors integrate the functions of traditional shunt resistors and amplifiers into a single package, reducing heat dissipation, simplifying design, and lowering the bill of materials. This innovation addresses current industry challenges related to space, weight, and cost, making them ideal for low voltage applications under 100V.
Allegro MicroSystems (Nasdaq: ALGM) has launched a new combo chip as part of its High Voltage Power-Thru™ portfolio. This innovative product is designed to provide engineers with greater flexibility in designing high-power applications such as EV chargers, solar inverters, and energy storage systems. The new isolated gate-driver IC solutions, AHV85000 and AHV85040, allow designers to choose external transformers, optimizing cost and space. This flexibility enhances system architecture and power efficiency. Allegro continues to demonstrate its commitment to innovation and customer needs with this latest release.
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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