About Allegro MicroSystems
Allegro MicroSystems designs sensor chips and power chips for automotive and industrial use. Its Hall-effect sensors detect magnetic fields, which lets a car or machine measure position, speed or current without physical contact, and its motor drivers and regulators control power. Its website describes the business as fabless, so other foundries manufacture its silicon. It is a supplier of components around processors rather than a processor maker. The company is based in Manchester, New Hampshire, and trades on NASDAQ under ALGM.
Allegro MicroSystems was founded in 1990 and is based in Manchester, New Hampshire, United States. It is listed under Custom Silicon, ASICs. Its shares trade as ALGM on NASDAQ.
Compute Technologies
- Magnetic Sensors
- Power ICs
What Allegro MicroSystems works on
Custom Silicon
Custom silicon means a company designs its own chips for its own products or data centers instead of buying standard parts. The chip is made by a foundry such as TSMC, but the design belongs to the customer.
ASICs
An ASIC, or application-specific integrated circuit, is a chip designed to do one job or a narrow set of jobs. Its circuits are fixed when the chip is made. A CPU can run any program; an ASIC does what it was designed for and nothing else.
Follow the share price on the stocks page (ALGM).
