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.”