Everspin Technologies Inc. will continue to be a domestic U.S. producer of magnetoresistive random access memory (MRAM) for the aerospace and defense sectors after garnering a $14.55 million award to ramp production of the persistent memory.
With the funding, Everspin will provide a plan to mitigate risks to its MRAM manufacturing supply chain including a long-term plan for manufacturing of MRAM onshore for the defense and aerospace segments.
“Our MRAM manufacturing technology and integration is front-end CMOS agnostic, allowing our customers and Everspin to source the optimal CMOS wafers from a FAB of choice,” said Sanjeev Aggarwal, president and CEO of Everspin.
Everspin said it will continue to support both current and future Department of Defense (DoD) strategic and commercial space system requirements out of its MRAM manufacturing line in Chandler, Arizona.
