Crocus Technology
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.
Products
The company initially developed its MLU™ technology for stand-alone and embedded spintronic MRAM. In 2015, Crocus Technology introduced its first magnetic sensor product based on its technology. The company further sold magnetic field sensors as well as sensors for flexible displays based on the technology.Crocus offered magnetic switches, magnetic latches and angle sensors that are based on the TMR effect.