Allegro MicroSystems Announces Opening of New R&D Center in Greater Dallas
26 January 2023 - 12:00PM
Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global
leader in sensing and power solutions for motion control and energy
efficient systems, is proud to announce plans to open a new
U.S.-based office located in Richardson, Texas. In addition to
creating new job opportunities for the local community, the
company’s newest innovation and design center will serve as a hub
for Allegro’s Sensors and Power Integrated Circuits research and
development efforts, while furthering the company’s mission to
develop semiconductor chips that support a safer and more
sustainable future.
Establishing roots in the heart of the metroplex, Allegro is
excited to be joining other notable businesses within the
Richardson Innovation Quarter – also known as Richardson IQ® or The
IQ® - a 1,200-acre urban district that serves as the city’s living
laboratory for big ideas and groundbreaking innovations within
Texas’ premier technology corridor. In addition to the city’s
thriving innovation district, Richardson’s status as home to The
University of Texas at Dallas offers a direct line to top
engineering, science, and business talent.
“We are thrilled to be opening our newest design center in
Richardson,” said Suman Narayan, Senior Vice President Products at
Allegro. “The city’s strong talent pool and technology-focused
community make it the perfect location for our newest design
center. We are excited to be contributing to the growth of the
community and ecosystem for innovation while tapping into local
talent."
Opening in the Spring of 2023, the Richardson office will
initially focus as a Sensors and Power Integrated Circuit
Innovation and Design Center. With an existing employee base in the
Dallas-Fort Worth (DFW) Metroplex, the company plans to grow its
local workforce as much as three times over the next few years by
hiring engineering leadership in analog design, test, systems
engineering, applications, and product marketing.
"We are thrilled to welcome Allegro to Richardson with the
opening of its newest design center in The IQ®," said Richardson
Mayor Paul Voelker. "Their pioneering technologies are redefining
the future of sensing and power innovations, and their decision to
invest in our community and create new jobs is a testament to the
strength of our local economy and the abundance of talent here.
This move is another vote of confidence in our city’s thriving
technology sector. We look forward to a long and successful
partnership."
About Allegro MicroSystemsAllegro MicroSystems (Nasdaq:
ALGM) is redefining the future of sensing and power technologies.
From green energy to advanced mobility and motion control systems,
our team is passionate about developing intelligent solutions that
move the world forward and give our customers a competitive edge.
With global engineering, manufacturing and support, Allegro is a
trusted partner to both large enterprises and regional market
leaders worldwide. Visit www.allegromicro.com.
About the Richardson Innovation QuarterThe Richardson
Innovation Quarter, also known simply as Richardson IQ® or The IQ®,
is a 1,200-acre urban hub in Richardson, Texas, with a rich
heritage of innovation and entrepreneurship. As Texas’ premier tech
hub, The IQ® is the City of Richardson’s living laboratory for big
ideas and groundbreaking technology. The IQ® has historical
significance as a home to Richardson’s leading technology and
telecommunications firms making up the heart of the larger Telecom
Corridor® area. Today it is home to Argo Data, Digital Realty,
Ericsson, Honeywell, id Software, Raytheon, Siemens, Verizon and a
multitude of smaller nano and other technology operations. In
addition, corporate research and development, manufacturers,
educational institutions, nonprofit organizations, restaurants,
entrepreneurs, designers, researchers, inventors, educators and
students also represent a prominent presence within The IQ®. The
Richardson IQ® comprises more than half of Richardson’s businesses
and is home to 20 percent of the community’s employment base. For
more information, visit richardsoniq.com.
###
Brett Perry
Shelton Group Investor Relations
+1-214-272-0070
bperry@sheltongroup.com
Tyler Weiland
Shelton Group Public Relations
+1-972-571-7834
tweiland@sheltongroup.com
Jalene Hoover
Allegro Microsystems
+1-512-751-6526
jhoover@allegromicro.com
Allegro MicroSystems (NASDAQ:ALGM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Allegro MicroSystems (NASDAQ:ALGM)
Historical Stock Chart
From Apr 2023 to Apr 2024