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Stock impact report

Everspin Technologies Expands On-Shore MRAM Manufacturing Capacity

Everspin Technologies, Inc. (MRAM) 
Last everspin technologies, inc. earnings: 11/7 04:05 pm Check Earnings Report
Company Research Source: Business Wire
Agreement with Microchip Technology supports scalable manufacturing and on-shore long-term supply chain resilience CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies Inc., (NASDAQ: MRAM), the world’s leading developer and manufacturer of persistent Magnetoresistive Random Access Memory (MRAM) solutions, today announced its strategic manufacturing agreement with Microchip Technology to expand production capacity and strengthen long-term supply.Everspin has entered into an initial 10-year agreement, that can be extended in 2-year increments, with Microchip Technology to augment its onshore manufacturing capacity for MRAM and Tunnel Magnetoresistive (TMR) sensor products. The company will establish a copy exact (plus) MRAM line to manufacture MRAM and TMR sensor products currently produced at its line in Chandler, AZ.“Everspin is expanding its manufacturing footprint to support the next phase of MRAM adoption, as customers look for both long-term supply stability and higher-densi Show less Read more
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