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Crocus Technology International Corporation
Company typePrivate
IndustrySemiconductors
Founded2004; 20 years ago (2004)
HeadquartersMilpitas, California, USA
Number of locations
Key people
Zack Deiri, (President & CEO)

Ken Mc Kay, (VP Tech. Development)
Jeff Childress, (CTO)

Anuraag Mohan, (VP Applications)
ProductsIntegrated magnetic sensors for industrial, automotive, and consumer applications.
Owner
  • Independent (2004–23)
  • Allegro MicroSystems (2023–present)
Number of employees
~75
Websitecrocus-technology.com

Crocus Technology, founded in 2004, is 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.[1] It eventually moved its headquarters to Santa Clara, California, but retained its engineering base in Grenoble.

The company initially developed its MLU™ (Magnetic Logic Unit™) technology for stand-alone and embedded spintronic MRAM (magnetic random-access memory). In 2015, Crocus Technology introduced its first magnetic sensor product based on its technology.

Today, it focuses 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]

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.[3]

Investors

Other investors include Idinvest Partners,[4] CDC Innovation,[5] Enterprises et Patrimonies,[6] Nano Dimension,[7] Sofinnova Partners, Sofinnova Ventures, and Ventech.

References

  1. ^ Mark LaPedus,
  2. ^ "Allegro MicroSystems Completes Acquisition of Crocus Technology to Accelerate Innovation in TMR Sensing Technology". Allegro MicroSystems. Retrieved 2023-11-25.
  3. ^ Mark LaPedus (June 18, 2009). "Tower invests in Crocus, tips MRAM foundry deal". EE Times. Retrieved July 10, 2013.
  4. ^ "Idinvest Partners". 2011. Retrieved July 18, 2011.
  5. ^ "CDC Innovation". 2011. Retrieved July 18, 2011.
  6. ^ “Entreprises et Patriomoine” Archived 2012-03-28 at the Wayback Machine. 2011. Retrieved Aug. 2, 2011.
  7. ^ "NanoDimension". 2011. Retrieved July 20, 2011.
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