Everspin Begins 40nm STT-MRAM Volume Production
January 17 2018 - 7:55AM
Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading
developer and manufacturer of discrete and embedded MRAM, today
announced the Company recorded revenue for its first 40nm 256Mb
STT-MRAM products in the fourth quarter of 2017 and is in the
process of ramping its volume production in 2018. This achievement
represents an important milestone for STT-MRAM as it is the
enabling step for bringing the persistent memory to market.
STT-MRAM is a significant advancement in magnetoresistive random
access memory (MRAM) as the densities of this persistent memory
technology open up new market opportunities beyond where MRAM has
been deployed previously. While there are several companies
committed to the MRAM market today, Everspin has the advantage of
being the first to reach a volume production for STT-MRAM as well
as the only company that is executing on both discrete and embedded
MRAM (eMRAM) solutions. The 256Mb STT-MRAM also employs an
innovative ST-DDR3 interface, unlocking performance previously
unattainable in legacy MRAM components.
“Our 256Mb STT-MRAM is the first ever perpendicular MTJ STT-MRAM
entering mass production. This is both a testament to the technical
strength of Everspin’s team in design and technology as well as the
joint productization strength provided by the collaboration with
GLOBALFOUNDRIES,” said Kevin Conley, President and CEO of Everspin
Technologies. “This is a bellwether milestone in the evolution of
this disruptive technology and we are very excited about the
advantages that the capacity and performance of this product brings
to our customers.”
“GLOBALFOUNDRIES is excited to see the first STT-MRAM from the
Everspin partnership reaching production. The movement of discrete
STT-MRAM to volume production is an important milestone on the way
to enabling our risk production release of 22FDX eMRAM for
GLOBALFOUNDRIES' customers later this year,” said Dave Eggleston,
Vice President of Embedded Memory, GLOBALFOUNDRIES.
Kevin Conley, President and CEO, and Jeff Winzeler, CFO, will
present tomorrow at Needham & Company’s 20th Annual Growth
Conference from 12:50 – 1:30PM EST at the Lotte New York Palace
Hotel. Management will be available to meet with investors at the
conference. Copies of any presentation materials will be made
available on www.Everspin.com.
About Everspin Technologies
Headquartered in Chandler, Arizona, Everspin Technologies, Inc.
is the worldwide leader in designing, manufacturing, and
commercially shipping discrete and embedded Magnetoresistive RAM
(MRAM) into markets and applications where data persistence,
performance, and endurance are paramount. With over 70 million MRAM
products deployed in data center, cloud storage, energy,
industrial, automotive, and transportation markets, Everspin has
built the strongest and fastest growing foundation of MRAM users in
the world. For more information, visit www.everspin.com.
Cautionary Statement Regarding Forward-Looking
Statements
The statements in this press release regarding the
development and production of Everspin’s MRAM solutions are
forward-looking statements that are subject to risks and
uncertainties. Risks that could cause these forward-looking
statements not to come true include, but are not limited to: the
risk that unexpected technical difficulties may develop in the
production of these products; and that customers may not perceive
the benefits of Everspin’s MRAM solutions to be as Everspin
perceives them to be.
Everspin Contact:
Michael Schoolnik Story Public Relations 415-674-3816
Michael@storypr.com
Leanne K. Sievers - Shelton Group Investor Relations
949-224-3874 sheltonir@sheltongroup.com
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