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 …
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