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Allegro MicroSystems
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Develops semiconductor technology for motion control
Allegro MicroSystems
Work Here?
Develops semiconductor technology for motion control
About Allegro MicroSystems
Industries
Automotive & Transportation
Industrial & Manufacturing
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Manchester, New Hampshire
Founded
1990
Overview
Allegro MicroSystems develops semiconductor technology and algorithms focused on power and sensing solutions for motion control and energy-efficient systems. Their products are designed to enhance the efficiency and accuracy of electromechanical systems, serving over 50 automotive OEMs and various industrial sectors. Allegro's semiconductor products sense, regulate, and drive these systems, with the company shipping over one billion units annually to around 10,000 customers worldwide. What sets Allegro apart from competitors is its extensive experience of over 30 years, a global presence in engineering and manufacturing, and a commitment to meeting the specific needs of both large enterprises and regional market leaders. The company's goal is to continue innovating and expanding its product offerings to adapt to the changing demands of its clients.
Simplify's Take
What believers are saying
- Growing e-mobility market boosts demand for Allegro's motor control solutions.
- Industrial automation growth offers opportunities for Allegro's thermal management solutions.
- Rising EV demand aligns with Allegro's expansion in advanced motor control solutions.
What critics are saying
- Onsemi's acquisition proposal may lead to strategic shifts misaligned with Allegro's model.
- New SVP of Sales may disrupt existing client relationships and sales strategies.
- Partnership with Cyient could pose intellectual property risks if not managed properly.
What makes Allegro MicroSystems unique
- Allegro specializes in power and sensing solutions for motion control and energy efficiency.
- The company serves over 50 automotive OEMs and various industrial sectors globally.
- Allegro's agility and global capabilities make it a trusted partner for large enterprises.
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Funding
Total Funding
$1350M
Above
Industry Average
Funded Over
3 Rounds
Benefits
Flexible Work Hours
Hybrid Work Options
Wellness Program
Company News
Allegro MicroSystems, Inc. ("Allegro"), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced three new solutions designed to enhance motor control and thermal management performance in e-mobility and industrial automation applications.
MANCHESTER, N.H. - Allegro MicroSystems, Inc. (NASDAQ:ALGM), a prominent player in the Semiconductors industry with annual revenue of $962.71 million, today announced the appointment of Rick Madormo as the new Senior Vice President of Worldwide Sales, effective March 24, 2025.
ON Semiconductor (Onsemi) has proposed an all-cash acquisition of Allegro MicroSystems for $35.10 per share, valuing Allegro at $6.9 billion. This offer, submitted on February 12, 2025, is an increase from the initial $34.50 per share offer made in September 2024. Onsemi believes the merger will create strategic synergies in automotive, industrial, and AI data center applications, providing immediate value to Allegro shareholders with a 57% premium over Allegro's closing price on February 28, 2025.
Allegro MicroSystems appoints Mike Doogue as President and Chief Executive Officer.
/EIN News/ - MANCHESTER, N.H., Feb. 18, 2025 (GLOBE NEWSWIRE) - Allegro MicroSystems, Inc. ("Allegro") (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced that the company will present at Morgan Stanley's Technology, Media & Telecom Conference on Tuesday, March 4, 2025 at The Palace Hotel in San Francisco, CA.
Allegro MicroSystems is Hiring for 17 Jobs on Simplify!
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People & HR
1 Open Roles
About Allegro MicroSystems
Industries
Automotive & Transportation
Industrial & Manufacturing
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Manchester, New Hampshire
Founded
1990
Allegro MicroSystems is Hiring for 17 Jobs on Simplify!
Find jobs on Simplify and start your career today
People & HR
1 Open Roles