DealsApr 10, 2026, 04:16 PM
Everspin signs 10-year foundry deal with Microchip for MRAM wafers
AI Summary
Everspin Technologies, Inc. entered into a 10-year Foundry Services Agreement with Microchip Technology. This agreement secures Microchip as a manufacturer for Everspin's 8-inch MRAM, TMR sensor, and STT-MRAM wafers at its Oregon facility. Everspin will reimburse Microchip an estimated $13.95 million in two phases for costs associated with tooling relocation, installation, process setup, and qualification, ensuring long-term production capacity for its core products.
Key Highlights
- Everspin signed a 10-year Foundry Services Agreement with Microchip Technology.
- Microchip will manufacture MRAM, TMR sensor, and STT-MRAM wafers for Everspin.
- Everspin will reimburse Microchip approximately $13.95 million for setup costs.
- Capacity for Toggle/Sensor flows expected in ~18 months, STT flows in ~30 months.