Everspin Technologies Expands On-Shore MRAM Manufacturing Capacity

Everspin Technologies Inc. announced its strategic manufacturing agreement with Microchip Technology, Inc. to expand production capacity and strengthen long-term supply.The company 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 firm 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-density, more capable solutions,” says Sanjeev Aggarwal, president and CEO. “Our partnership with Microchip adds the production scale to support demand while continuing to advance our MRAM roadmap.”

Under the agreement, Everspin will stand up its industry magnetic technology and manufacturing process at a Microchip fabrication facility in Oregon. The company will retain ownership of the intellectual property and manufacturing process while utilizing Microchip’s foundry services capacity. This expanded capacity will leverage Everspin’s strong balance sheet and partnerships.

“Microchip is pleased to collaborate with Everspin and provide foundry services from its large and expandable manufacturing capacity in our Oregon Fab,” said Michael Finley, SVP, fab operations, Microchip’.

The agreement will provide Everspin and its customers with several strategic benefits:

• Increased wafer capacity to support growth plans
• On-shore second source for MRAM and TMR sensor products
• Continuity of supply lasting well into the next decade
• Additional opportunities for Everspin to continue R&D programs advancing MRAM capabilities for next-gen use cases and workloads
• International Traffic in Arms Regulations (ITAR) wafer processing capabilities

The company will continue to manufacture MRAM and TMR sensor wafers in its Chandler, AZ facility co-located at NXP. The company plans to leverage its 20 years of MRAM production experience from Everspin’s Chandler operation as a benchmark for process bring up at Microchip ensuring a timely and seamless process installation.

The company expects the first products to ship from the Everspin-Microchip collaboration in the 2nd half of 2027.