News Stories and Press Releases
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.
January 4, 2018
Chandler, AZ, January 4, 2018 — Everspin Technologies, Inc., the world's leading developer and manufacturer of discrete and embedded MRAM, today announced Kevin Conley, President and CEO, and Jeff Winzeler, CFO, will present at Needham & Company’s 20th Annual Growth Conference to be held January 17-18, 2018 at the Lotte New York Palace Hotel. The presentation is scheduled for Thursday, January 18th from 12:50 – 1:30PM EST. Management will be available to meet with investors on January 18th at the conference.
November 13, 2017
Chandler, AZ, November 13, 2017 — Everspin Technologies, Inc. (NASDAQ: MRAM), is demonstrating an industry-transforming technology at this year’s Supercomputing 17, November 13-16 at the Colorado Convention Center. Supercomputing 17 is the leading worldwide high-performance computing event and Everspin Technologies, in conjunction with SMART Modular Technologies, will be demonstrating how the SMART Modular storage accelerator can drive up to a 9X improvement in lossless transaction logging over enterprise SSDs. Industries governed by regulations that demand immediate logging, such as the financial services industry, can see significant application performance increases as a result of the low latency that Everspin’s nvNITRO™ technology delivers.
November 13, 2017
Chandler, AZ, November 13, 2017— Everspin Technologies, Inc., (Nasdaq:MRAM), today announced the company’s third quarter 2017 financial results for the quarter ended September 30, 2017.
Revenue for the third quarter of 2017 was a record $9.0 million, compared to $7.2 million for the third quarter of 2016. Everspin's GAAP net loss for the third quarter of 2017 was $5.4 million, or ($0.43) per share based on 12.6 million weighted-average shares outstanding, compared to a GAAP net loss of $1.4 million, or ($0.54) per share for the third quarter of 2016 based on 2.7 million weighted-average shares outstanding.
November 13, 2017
Chandler, AZ, November 13, 2017— Everspin Technologies, Inc., (Nasdaq:MRAM), today announced the appointment of Norm Armour as Vice President of Operations, responsible for managing Everspin’s captive and partner fab operations, equipment manufacturer partnerships and global operations. Angelo Ugge, who previously served as Vice President of Operations and Business Development, will devote his full attention to his role as Vice President of Business Development, the position that he was initially hired into. Both Amour and Ugge will report directly to Kevin Conley, Everspin’s President and CEO.