News Stories and Press Releases
February 8, 2018
Chandler, AZ – February 8, 2018 – Everspin Technologies, Inc. today announced the pricing of its previously announced underwritten public offering of 3,600,000 shares of its common stock at a public offering price of $7.00 per share, before underwriting discounts and commissions. All of the shares of common stock are being offered by Everspin. In addition, Everspin has granted the underwriters a 30-day option to purchase up to an additional 540,000 shares of common stock at the public offering price less underwriting discounts and commissions. The offering is expected to close on or about February 12, 2018, subject to the satisfaction of customary closing conditions.
February 7, 2018
Chandler, AZ, February 7, 2018 — Everspin Technologies, Inc., the world's leading developer and manufacturer of discrete and embedded MRAM, today announced certain preliminary unaudited financial results for the fourth quarter ended December 31, 2017.
Total revenue for the fourth quarter of 2017 is estimated to be in the range of $10.0 million to $10.2 million, compared to revenue of $9.0 million in the third quarter of 2017 and $7.1 million in the fourth quarter of 2016.
GAAP gross margin for the fourth quarter of 2017 is estimated to range between 59% and 61%, compared to 58.3% in the previous quarter and 45.8% in the prior year quarter.
February 7, 2018
Chandler, AZ – February 7, 2018 – Everspin Technologies, Inc. today announced that it plans to offer shares of its common stock in an underwritten public offering. All of the shares of common stock are being offered by Everspin. In addition, Everspin intends to grant the underwriters a 30-day option to purchase up to an aggregate of an additional 15% of the shares of its common stock in connection with the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Stifel is acting as the book-running manager for the offering.
January 25, 2018
There are many memory technologies competing with flash. Find out what the options are and how they work.
As opposed to the FRAM, an MRAM actually does use magnetism to store bits. This makes some people worry that bits will be disturbed by external magnetic fields, but these bits are flipped by energy that is applied in very close proximity to the magnet, so the local field is extraordinarily dense compared to most externally applied fields. In other words, although you could cause bits to by applying an external magnetic field, that field would need to be extremely strong, so it would take a big effort to cause any trouble.
January 24, 2018
EverSpin said that it had begun 40 nm perpendicular Magnetic Tunnel Junction (MTJ) STT-MRAM 256Mb chip production in Q4 2017 and will be scaling into volume production in 2018. The company says that this advance is an enabling step to bring MRAM to more markets since this is the first MTJ STT-MRAM entering mass production. EverSpin provides single chip MRAM solutions, while its production partner, Global Foundries, is putting this technology into embedded applications. The 256MB STT-MRAM solutions employs an ST-DDR3 interface. EverSpin says that it has shipped over 70 million MRAM chips so far for data centers, cloud storage, energy, industrial, automotive and transportation markets.
January 22, 2018
TORONTO — Consistent challenge with emerging memories: the volume must go up for the price to come down, and the price has to come down for the volume to go up. Everspin Technologies is hoping, however, that specific industries will favor value over price-per-bit as it ramps up production of its MRAM.
January 21, 2018
Everspin Technologies, developer and manufacturer of discrete and embedded MRAM, announced this week its recorded revenue for its first 40nm 256Mb STT-MRAM products in the fourth quarter of 2017, and is in the process of ramping its volume production in 2018. This achievement represents an important milestone for STT-MRAM as it is the enabling step for bringing the persistent memory to market.
January 18, 2018
Chandler, AZ, January 18, 2018 — Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of discrete and embedded MRAM, today announced the first application white paper release for the nvNITRO™ solution, being jointly delivered with SMART Modular Technologies, Inc., a subsidiary of SMART Global Holdings, Inc. (NASDAQ:SGH). Everspin and SMART have collaboratively worked on the development of the nvNITRO NVMe storage accelerator and are focusing on jointly developing several vertical markets. The initial focus will be on the financial technology (FinTech) sector, where nvNITRO can increase data throughput and reduce critical storage bottlenecks, unlocking operational value while also satisfying data persistence requirements.
January 17, 2018
Chandler, AZ, January 17, 2018 — Everspin Technologies, Inc., the world's leading developer and manufacturer of discrete and embedded MRAM, today announced the Company recorded revenue for its first 40nm 256Mb STT-MRAM products in the fourth quarter of 2017 and is in the process of ramping its volume production in 2018. This achievement represents an important milestone for STT-MRAM as it is the enabling step for bringing the persistent memory to market.
January 8, 2018
Over the past 60 years, semiconductor chips have become smaller, cheaper, and more powerful, and their proliferation has enabled the ubiquitous computing we enjoy today. Intel founder Gordon Moore suggested in 1965 that improvements in manufacturing techniques would allow overall processing power for computers to double approximately every two years as the number of transistors on each integrated circuit doubled, an observation that became known as Moore's Law.