On July 7, Allegro MicroSystems rose 8.11% in after-hours trading, trading at $61.13/share, with turnover of $870,900.

On the news front, the company officially launched the A81415 — the industry's first ASIL-D certified power management IC integrating a wheel-speed sensor interface, specifically designed for next-generation electromechanical brake-by-wire systems. The single-chip solution pairs Allegro's sensing leadership with a complete ASIL-D safety PMIC architecture, eliminating up to nine discrete components from traditional brake system designs.

Allegro MicroSystems is a global leader in sensor ICs and application-specific power ICs, primarily serving the automotive and industrial markets including AI data centers, robotics, and energy infrastructure. The company is the world's leading magnetic sensor IC supplier by market share, with a portfolio of over 1,500 products. It is a subsidiary of Sanken Electric Co., Ltd. and is headquartered in Manchester, New Hampshire.

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