Everspin Executes $40M Agreement for Mil-Aero MRAM Applications

Semiconductor Digest reports on Everspin’s $40 million agreement with a U.S. prime contractor to provide Toggle MRAM process technology, engineering support and foundry services for U.S. Defense Industrial Base programs. The two-and-a-half-year agreement will support military and aerospace applications that require reliable, long-life memory and a secure domestic supply. The article also notes Everspin’s foundry agreement with Microchip, which is expected to add U.S.-based manufacturing capacity for future MRAM production.

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