Crocus Technology News

Crocus secures $21M in funding

The new capital will enable Crocus to deploy the strategy for its sensor product line in the key target markets Crocus Technology, the supplier of magnetic sensors and embedded memory solutions designed with Magnetic Logic Unit™ (MLU) technology, recently announces it has secured $21M (€19M) in funding. All of Crocus’ historical French and international investors participated in the round, cementing their solidarity and long-term commitment: NanoDimension, Inn...

Crocus Technology signs agreement with Valid to supply its microcontroller products in Brazil

Valid will supply Crocus’ CT32MLU1200 and CT32MLU_LTE MLU technology products in Brazil Crocus Technology S.A., a leading developer of magnetically enhanced semiconductor technologies for mobile security, embedded microcontrollers, harsh environment electronics and magnetic sensors, recently announces that it has signed an agreement with Valid, one of the largest suppliers of smart cards in Brazil, to supply its microcontroller products, CT32MLU1200 and CT32MLU_LTE. Thes...

Crocus Technology files petition with the US Patent and Trademark Office for Inter Partes Review

Crocus currently holds 154 patents and licenses its technologies to foundries and design houses around the world Crocus Technology S.A., a leading developer of magnetically enhanced semiconductor technologies for mobile security, embedded microcontrollers, harsh environment electronics and magnetic sensors, recently announced the company has filed a petition with the US Patent and Trademark Office for Inter Partes Review against US Patent 6,980,469 high speed low power magneti...

Crocus Technology raises €34 Million in additional capital to fund new projects

The new funding will enable Crocus to accelerate product development Crocus Technology, a leading developer of magnetically enhanced semiconductor technologies for mobile security, embedded microcontrollers, harsh environment electronics and magnetic sensors, recently announces it has raised EUR 34 million (USD 45 million) in additional capital. A new private investor, Industrial Investors, joined the round led by Idinvest Partners. Major investors Sofinnova Ventures, Innovat...

Crocus Technology and TowerJazz announces licensing and joint promotion agreement

The agreement is for the use of Crocus’ Magnetic Logic Unit process technology by TowerJazz Crocus Technology, a leading provider of magnetically enhanced semiconductors, and TowerJazz, the global specialty foundry leader, recently announces a licensing and joint promotion agreement for the use of Crocus’ Magnetic Logic Unit(TM) (MLU) process technology by TowerJazz in its customers’ embedded System-On-Chip (SoC) applications. The license agreement with Towe...

Crocus to showcase prototype of Match in Place (MiP) and attends this years CARTES America 2013

Crocus will release a prototype of its Match in Place, a security technique that strengthens user authentication Crocus Technology, a leading provider of magnetically enhanced semiconductors, announces it will release a prototype of Match in Place (MiP), a distinctive security technique that strengthens user authentication in digital transactions. MiP is specially designed for smart card makers seeking to implement biometrics and other strong user authentication in smart cards...

Crocus Technology announces a strategic manufacturing agreement with SMIC

Crocus has placed its first orders with SMIC to supply 200mm CMOS wafers Crocus Technology, a leading provider of magnetically enhanced semiconductors and China's largest and most advanced semiconductor foundry SMIC, recently announced a new strategic manufacturing agreement. SMIC will supply CMOS wafers to produce Magnetic Logic Unit(TM) (MLU) devices at 90 nanometer, 65 nanometer and 45 nanometer nodes, with a path to process the entire flow. The wafers will be used to manu...