 | This article has multiple issues. Please helpimprove it or discuss these issues on thetalk page.(Learn how and when to remove these messages) (Learn how and when to remove this message)
|
 | |
| Company type | Private |
|---|---|
| Industry | Semiconductors |
| Founded | 2004; 21 years ago (2004) |
| Headquarters | Milpitas, California, USA |
Number of locations | |
Key people | Zack Deiri, (President &CEO) Ken Mc Kay, (VP Tech. Development) |
| Products | Integrated magnetic sensors for industrial, automotive, and consumer applications. |
| Owner |
|
Number of employees | ~75 |
| Website | crocus-technology |
Crocus Technology, founded in 2004, was aventure-capital-backedsemiconductorstartup company developing and manufacturing integrated magnetic field sensors for a variety of applications: Automotive, consumer goods, industrial and medical IoT.
Crocus Technology was founded atGrenoble in 2004, based on research at the Spintec laboratory.[1] It eventually moved its headquarters toSanta Clara, California, but retained its engineering base in Grenoble.
Later in its existence, the company focused its activities entirely on integrated, high-performance magnetic sensors. In 2022, it moved its California Headquarters from Santa Clara to Milpitas.
On October 31, 2023,Allegro MicroSystems completed the acquisition of the company for $420 million in cash.[2]
The company initially developed its MLU™ (Magnetic Logic Unit™) technology for stand-alone and embedded spintronicMRAM.[3] In 2015, Crocus Technology introduced its first magnetic sensor product based on its technology.[4] The company further soldmagnetic field sensors as well as sensors forflexible displays based on the technology.[5][6]
Crocus offeredmagnetic switches, magnetic latches and angle sensors that are based on theTMR effect.[4][7]
Inintellectual property, the company possesses 154patents supporting its products, relating to TMR technology, memory and sensor design.
On June 18, 2009, Crocus Technology announced a partnership with an integrated circuit specialty foundryTower Semiconductor. As part of the deal, both companies will dedicate special equipment to Tower’s factory, and Tower will fully manufacture Crocus’ technology in its 200mm Fab2 facility. Tower took a $1.25 millionequity position in Crocus.[8]
Other investors includedIdinvest Partners,[9] CDC Innovation,[10] Enterprises et Patrimonies,[11] Nano Dimension,[12]Sofinnova Partners,Sofinnova Ventures, andVentech.
| International | |
|---|---|
| Other | |
