Crocus: Allegro buys Crocus

Crocus Technology, the Tunnel Magnetoresistance (TMR) sensor specialist, has been bought by Allegro MicroSystems for $420 million in cash. "This highly complementary acquisition aligns perfectly with Allegro's growth initiatives and our focus on e-mobility, clean energy and automation," says Allegro CEO Vineet Nargolwala. "We expect to accelerate the adoption of TMR in targeted automotive and industrial ...The post Allegro buys Crocus appeared first on Electronics Weekly.