MANCHESTER, N.H., Dec. 19, 2017 /PRNewswire/ -- Allegro MicroSystems, LLC, a leader in developing high-performance power and sensor semiconductors, held a groundbreaking ceremony today on a 15,000-square foot expansion at their Manchester, NH facility. The building expansion will support Allegro's ongoing growth and investment in research and development as well as reinforce this location as the company's center of strategic business development.
"Allegro will continue to strengthen its investment in its technical talent and focus on high growth technological segments. Our ability to attract and retain skilled, high-tech talent to our Manchester facility will allow us to further invest in this prime location," said Allegro President and Chief Executive Officer, Ravi Vig. Allegro's facility is conveniently located minutes from the Manchester-Boston Regional Airport, is close to leading New Hampshire and Massachusetts research universities, and is within a one hour radius of the Seacoast, mountains, lakes, and urban environments like downtown Manchester and Boston, making it an attractive location for existing and prospective employees. Allegro currently leases its NH facility through Brady Sullivan and plans to purchase this building in May 2018, which would serve to deepen its roots in the Manchester community.
Allegro's focus on advanced technology, product line expansion and innovation fits well with the business platform provided in New Hampshire. "The Governor and I are fully committed to working with local companies to help them grow their business and attract talent," remarked Taylor Caswell, Commissioner, Department of Business and Economic Affairs. "We are pleased that Allegro has chosen to invest in the Manchester area, and we look forward to their employees enjoying the revitalized mill yards, SNHU Arena, and other benefits of downtown."
Allegro's building expansion was designed by Margulies Perruzzi Architects and is being built by Hutter Construction Corporation with a planned completion date in the summer of 2018. Allegro will employ upwards of 400 people at its Manchester site, many of them engineers.
Allegro MicroSystems, LLC is a leader in developing, manufacturing and marketing high-performance semiconductors. Allegro's innovative solutions serve high-growth applications within the automotive market, with additional focus on office automation, industrial, and consumer/communications solutions. Allegro is headquartered in Worcester, Massachusetts (USA) with design, applications, and sales support centers located worldwide.
Key Facts: Allegro maintains the #1 market leadership position within the magnetic sensor IC technology segment and is ranked 15th in the automobile semiconductor sector. Approximately 25 million units produced by Allegro are shipped weekly throughout North America, Asia and Europe. Further information about Allegro can be found at www.allegromicro.com.
About the NH Department of BEA
The Department of Business and Economic Affairs is dedicated to enhancing the economic vitality of the State of New Hampshire and promoting it as a destination for domestic and international visitors.
SOURCE Allegro MicroSystems, LLC