Everspin Awarded $14.55 Million
To provide continued, stable on-shore MRAM manufacturing
This is a Press Release edited by StorageNewsletter.com on August 27, 2024 at 2:01 pmEverspin Technologies, Inc., a Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, announced an 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. “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, AZ 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.
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