Everspin Technologies, Inc.

Everspin Technologies to Chair New JEDEC® Task Group Exploring LPDDR Persistent Memory Standard

Everspin Technologies said its VP of corporate strategy, Steffen Hellmold, will chair a new JEDEC task group exploring an LPDDR persistent memory standard. The group, formed under the JC-42.6 Low Power Memories Subcommittee, aims to enable controller support and multi-vendor interoperability for persistent memory within existing LPDDR architectures. For Everspin, chairing the effort signals early influence over a potential standards path for its MRAM technology, though no commercial or financial impact is attached at this stage.

•20d ago

Everspin Demonstrates World’s First CXL-Connected MRAM at SNIA Developer Conference 2026

Everspin demonstrated the world's first CXL-connected MRAM platform at SNIA Developer Conference 2026, adding a persistent memory tier between DRAM and NAND storage. The system delivers cache-line-level, nanosecond-class access with writes up to 100x faster than NAND-based solid-state storage, and data survives power interruption without battery-backed DRAM or SSD flushing. The demo used a Supermicro server with an AMD EPYC 9355 processor, an AMD Alveo U250 FPGA, a Wolley CXL controller, and Everspin PERSYST 1GB DDR4 MRAM UDIMMs; customers can now run their own workloads. For Everspin, CXL offers a standards-based path to bring persistent MRAM to a broader set of compute platforms, including AI use cases like checkpointing and persistent KV cache.

•1mo ago

Everspin Technologies and Teledyne HiRel Semiconductors Partner to Accelerate MRAM Adoption in Aerospace and Defense Applications

Everspin Technologies and Teledyne HiRel Semiconductors, a unit of Teledyne Technologies, announced a strategic partnership to accelerate adoption of Everspin's MRAM in aerospace, defense and other demanding systems. Teledyne HiRel will initially offer Everspin's 256Mb PERSYST STT-MRAM, with 64Mb and 128Mb density options also covered, targeting applications such as avionics, radar and electronic warfare payloads, satellite electronics and autonomous systems. PERSYST MRAM products will ship from Teledyne HiRel's Milpitas, California facility, with customer availability anticipated in the fourth quarter of 2026. No financial terms or volume commitments were disclosed.

•2mo ago

Everspin Technologies Appoints Vikas Choudhary to Board of Directors

Everspin Technologies appointed Vikas Choudhary to its board of directors, effective August 10, 2026. Choudhary brings over 30 years of semiconductor experience, currently serving as SVP and GM of MaxLinear’s Connectivity and Storage Business Unit. The appointment follows the retirement of Lawrence Finch from the board effective August 4, 2026.

•2mo ago

Everspin Reports Unaudited Second Quarter 2026 Financial Results

Everspin reported record Q2 revenue of $18.7 million, up 42% year-over-year, driven by strength in industrial automation and aerospace/defense. Non-GAAP net income was $2.9 million ($0.11 per share), compared to non-GAAP net income of $0.7 million in the prior year, despite GAAP expenses rising. For Q3, the company expects revenue of $19.5M to $20.5M and Non-GAAP EPS of $0.10 to $0.15, reflecting continued momentum.

•3mo ago

Everspin Technologies and MaxLinear Collaborate to Advance Memory Efficiency in AI Servers

Everspin Technologies signed a memorandum of understanding with MaxLinear to evaluate next-generation memory architectures designed to improve efficiency in AI servers. The collaboration will focus on combining Everspin's persistent MRAM with MaxLinear's acceleration and compression platforms to handle metadata, log data, and write buffering. While the agreement outlines a path toward manufacturing and commercialization, it is currently limited to technical validation and market development.

•3mo ago

Everspin Technologies 64Mb STT-MRAM Selected by Astro Digital for Raven Bus GEO Satellite Mission

Everspin Technologies announced that Astro Digital selected its 64Mb STT-MRAM PERSYST solution for the Raven bus geosynchronous Earth orbit satellite mission. The device will serve as the primary fail-safe memory for the satellite's system boot process, leveraging the technology's radiation tolerance and non-volatile data retention. This design win extends Everspin's track record in mission-critical applications to 16 years, targeting aerospace, defense, and industrial markets.

•3mo ago

Everspin Technologies Set to Join Russell 2000® Index

Everspin Technologies is expected to be added to the Russell 2000 Index effective June 29, 2026, following the annual reconstitution. The inclusion is based on objective market capitalization rankings and style attributes determined by FTSE Russell. CEO Sanjeev Aggarwal stated the move reflects progress in MRAM adoption and should broaden the company’s visibility within the investment community.

•5mo ago

Everspin Executes $40M Agreement for Mil-Aero MRAM Applications

Everspin Technologies entered into a $40 million agreement with a U.S. prime contractor to provide Toggle MRAM process technology and engineering services for the U.S. Defense Industrial Base. The agreement spans two and a half years and leverages Everspin's domestic manufacturing capabilities, supported by its existing foundry relationship with Microchip. CEO Sanjeev Aggarwal emphasized the strategic alignment with U.S. government initiatives, citing the critical need for domestic production and high reliability in defense programs.

•6mo ago