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Everspin awarded $14.55M to provide stable on-shore MRAM manufacturing

Everspin awarded $14.55M to provide stable on-shore MRAM manufacturing

Everspin Technologies 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 strategic and commercial space system requirements. The award is valued at $14.55M over 2.5 years.

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