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Stock impact report

Everspin Technologies Submits Application for U.S. CHIPS and Science Act Funding

Everspin Technologies, Inc. (MRAM) 
Last everspin technologies, inc. earnings: 11/7 04:05 pm Check Earnings Report
Company Research Source: Business Wire
CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies Inc., (NASDAQ: MRAM), the market leader and singular domestic volume producer of MRAM, announced it has applied for the CHIPS Incentives Program, which is part of CHIPS for America, with a full application submitted to the National Institute of Standards and Technology, a bureau of the U.S. Department of Commerce. The submitted application is for additional 200mm MRAM capacity and will increase long term R&D IP capability.“We are pleased to announce that we have recently submitted our proposal for the CHIPS and Science Act, reflecting our dedication to advancing MRAM technology. While the exact timing of the decision remains uncertain, we approach it with optimism, believing that the potential funding will further empower Everspin to contribute significantly to the semiconductor landscape,” said Sanjeev Aggarwal, President and Chief Executive Officer. “The potential funding from the CHIPS Act will be instrumental in further e Show less Read more
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