Everspin Awarded $14.55M to Provide Continued, Stable On-Shore MRAM Manufacturing
Everspin PERSYST MRAM manufacturing facilities will continue to be used for US domestic production of MRAM wafers and devices for aerospace and defense industries
CHANDLER, Ariz.-- August 22, 2024 -- Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced a strategic award to develop a long-term plan to provide manufacturing services for aerospace and defense segments. Under the award, Everspin will provide a plan to mitigate risks to its MRAM manufacturing supply chain.
“Everspin is pleased to provide continuous on-shore MRAM capability to its aerospace and defense customers,’ said Sanjeev Aggarwal, President Technologies and CEO of Everspin Technologies. “Our MRAM manufacturing technology and integration is front-end CMOS agnostic allowing our customers and Everspin to source the optimal CMOS wafers from a FAB of choice.”
Everspin’s MRAM manufacturing line in Chandler, Arizona will continue to support both current and future Department of Defense (DoD) strategic and commercial space system requirements. The award is valued at $14.55 million over 2.5 years.
About Everspin Technologies
Everspin Technologies, Inc., is the world’s leading provider of Magnetoresistive RAM (MRAM). Everspin MRAM delivers the industry’s most robust, highest-performance, non-volatile memory for Industrial IoT, Data Centers, and other mission-critical applications where data persistence is paramount. Headquartered in Chandler, Arizona, Everspin provides commercially available MRAM solutions to a large and diverse customer base. For more information, visit www.everspin.com.
|
Related News
- Everspin Announces a $9.25M Contract to Provide MRAM Technology for Strategic Radiation Hardened eMRAM Macro
- Everspin Signs Contract to Provide MRAM IP, Design and Manufacturing Services for Strategic Radiation Hardened FPGA Technology
- Everspin and SilTerra join forces to create new manufacturing center for MRAM
- Crocus Technology Strikes $300 Million Financing Deal with RUSNANO to Build Advanced MRAM Manufacturing Facility in Russia
- Everspin Announces Contract to Provide MRAM Technology for Strategic Radiation Hardened FPGA
Breaking News
- Axiomise launches Essential Introduction to Practical Formal Verification Training
- intoPIX Launches Access Program for Titanium Viewer and Titanium Show Apps at IBC 2024 Amsterdam
- Imagination Announces Highest Performance Automotive GPU IP with FuSa Advancement
- Chevin Technology, Alpha-Data & Correct Designs collaborate to deliver fast and secure data offload for NASA-JPL's Airborne Visible/Infrared Imaging Spectrometer-3 (AVIRIS-3)
- Logic Fruit Launches the Advanced Kritin iXD 6U VPX Single Board Computer (SBC)
Most Popular
- Rivos Selects Andes NX45 for Control Functions in Upcoming High-Performance RISC-V SoC
- Arteris Interconnect IP Selected by VeriSilicon for High-Performance SoC Design
- Qualitas Semiconductor Enters into Landmark the World's 1st 2nm MIPI DCPHY Licensing Agreement with Leading U.S. Fabless Company
- Synopsys Powers World's Fastest UCIe-Based Multi-Die Designs with New IP Operating at 40 Gbps
- TSMC Opens Office in India
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |