April 13, 2026
press
Why Microchip Technology (MCHP) Is Up 9.1% After Expanding Onshore MRAM Foundry Partnership With Everspin
Microchip Technology rose about 9% after news of its expanded onshore MRAM and TMR sensor foundry partnership with Everspin Technologies, highlighting stronger U.S. semiconductor manufacturing capacity. The 10-year agreement establishes a copy-exact MRAM production line at Microchip’s Oregon fab, improving supply chain resilience, ITAR-compliant production, and long-term continuity for industrial, automotive, and aerospace memory markets.