Crocus Technology

Crocus Technology, founded in 2004¹, was a venture-capital-backed semiconductor startup company developing and manufacturing integrated magnetic field sensors for a variety of applications: automotive, consumer goods, industrial and medical IoT.

Crocus Technology, founded in 2004, was a venture-capital-backed semiconductor startup company developing and manufacturing integrated magnetic field sensors for a variety of applications: automotive, consumer goods, industrial and medical IoT.

History

Crocus Technology was founded at Grenoble in 2004, based on research at the Spintec laboratory. It eventually moved its headquarters to Santa 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.

Patents

In intellectual property, the company possesses 154 patents supporting its products, relating to TMR technology, memory and sensor design.

Joint ventures

On June 18, 2009, Crocus Technology announced a partnership with an integrated circuit specialty foundry Tower 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 million equity position in Crocus.

Investors

Other investors included Idinvest Partners, CDC Innovation, Enterprises et Patrimonies, Nano Dimension, Sofinnova Partners, Sofinnova Ventures, and Ventech.

References

Text derived from https://en.wikipedia.org/w/index.php?oldid=1359414008 under CC BY-SA 4.0; modifications have been made.