Everspin Enters Pilot Production Phase for the World’s First 28 nm 1 Gb STT-MRAM Component
June 11 2019 - 8:00AM
Business Wire
New component expands Everspin’s
industry-leading STT-MRAM product family and enables new
possibilities for customers with its higher density and DDR4-based
interface
Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading
developer and manufacturer of Magnetoresistive RAM (MRAM), today
announced it has completed development activity and entered the
pilot production phase of its 28 nm 1-Gigabit (Gb) Spin Torque
Transfer Magnetoresistive Random Access Memory (STT-MRAM) product.
Everspin has been in volume production of its 256 Mb STT-MRAM
product for more than a year and now adds the ground-breaking 1 Gb
capacity product to its lineup, extending Everspin’s leadership in
STT-MRAM memory component manufacturing.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190611005234/en/
Everspin Enters Pilot Production Phase
for the World’s First 28 nm 1 Gb STT-MRAM Component (Photo:
Business Wire)
Everspin’s STT-MRAM devices enable enterprise infrastructure and
data center providers to increase the reliability and performance
of systems where high-performance data persistence is critical by
delivering protection against power loss without the use of
supercapacitors or batteries. In addition, the larger density 1 Gb
part offers more effective management of I/O streams, creating a
greater level of latency determinism and allowing storage OEMs to
significantly improve quality of service of their products. Similar
benefits can also be achieved using the 1 Gb STT-MRAM device as a
persistent data buffer in storage and fabric accelerators,
computational storage, and other applications.
“The Everspin team has executed extremely well on completing
development of our ground-breaking 1 Gb STT-MRAM devices. This is
yet another bellwether milestone on STT-MRAM’s march into larger
market opportunities delivering a significant increase in density
over our previous 256 Mb parts coupled with the more mainstream
DDR4-based interface,” said Kevin Conley, Everspin’s President and
CEO. “We are also pleased that progress with both customer
qualification and yield maturity continues to be on track with
volume production expected to start in the third quarter.”
Everspin’s 1 Gb product family includes both 8-bit and 16-bit
DDR4 compatible (ST-DDR4) interface versions of the device and are
available in a JEDEC-compliant BGA package.
About Everspin TechnologiesHeadquartered in Chandler,
Arizona, Everspin Technologies, Inc. is the worldwide leader in the
design, volume production and distribution of Magnetoresistive RAM
(MRAM) into markets and applications where data persistence,
performance, and endurance are paramount. Serving applications
across the data center, industrial, 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. NASDAQ: MRAM.
Cautionary Statement Regarding Forward-Looking
StatementsThis press release contains forward-looking
statements regarding future events that involve risks and
uncertainties that could cause actual results or events to differ
materially from the expectations disclosed in the forward-looking
statement, including, but not limited to; the anticipated market
adoption of Everspin’s products and technology at the rate Everspin
expects; the ability for Everspin to expand the markets Everspin
addresses at the rate it expects; the risk that unexpected
technical difficulties may develop in the final stages of
development or production of its products, or when Everspin’s
customers may ship in volume. Readers are advised that they should
not place undue reliance on these forward-looking statements and
should review the risk factors included in Everspin’s Form 10-Q
filed with the Securities and Exchange Commission on May 9, 2019,
under the caption “Risk Factors.” Subsequent events may cause these
expectations to change, and Everspin disclaims any obligations to
update or alter these forward-looking statements in the future,
whether as a result of new information, future events or
otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190611005234/en/
Rainier CommunicationsMarianne Sabella Dempsey/Joanne
Stanway617-223-8675/978-273-1473everspin@rainierco.com
Everspin TechnologiesTroy
Winslow480-347-1122troy.winslow@everspin.com
Everspin Technologies (NASDAQ:MRAM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Everspin Technologies (NASDAQ:MRAM)
Historical Stock Chart
From Apr 2023 to Apr 2024