Development) Jeff Childress, (CTO) Crocus Technology, founded in 2004, was a venture-capital-backed semiconductor startup company developing and manufacturing integrated magnetic field sensors for a variety of applications: Automotive, consumer goods, industrial and medical IoT.

[1] It eventually moved its headquarters to Santa Clara, California, but retained its engineering base in Grenoble.

[2] The company initially developed its MLU™ (Magnetic Logic Unit™) technology for stand-alone and embedded spintronic MRAM.

[4][7] In intellectual property, the company possesses 154 patents supporting its products, relating to TMR technology, memory and sensor design.

On June 18, 2009, Crocus Technology announced a partnership with an integrated circuit specialty foundry Tower Semiconductor.