Everspin Technologies, Inc. is a prominent semiconductor company known for developing and manufacturing Magnetoresistive Random Access Memory (MRAM) products. Established in 2008 and headquartered in Chandler, Arizona, Everspin has become a leader in the MRAM industry, pioneering the commercial production of this innovative memory technology. With a strong emphasis on providing nonvolatile memory solutions, Everspin serves a wide array of applications across key sectors such as industrial, automotive, aerospace, and data centers.
| Attribute | Information |
|---|---|
| Founding Date | 2008 |
| Headquarters | Chandler, Arizona, USA |
| Founders | Saied Tehrani |
| Revenue | $63.77 million (2023) |
| Profits | $9.05 million (2023) |
| Key Investors | Sigma Partners, others |
| Industry | Semiconductors |
| Number of Employees | 82 |
Everspin Technologies originated from Freescale Semiconductor, which itself was a spin-off of Motorola. Initially, it focused on commercializing the innovative MRAM technology first developed by Motorola in the late 1990s. By 2008, Everspin was established to solely focus on advancing MRAM technology. Early strides included the development of 256Kb MRAM test chips and the commercialization of the first MRAM products. Through the years, Everspin remained at the forefront of MRAM innovation, producing industry-first products and expanding its technological capabilities in memory solutions.
Everspin Technologies is renowned for its leadership in developing MRAM solutions, a ground-breaking memory technology offering non-volatility, endurance, and fast access speeds ideal for critical applications. Major achievements include:
Everspin operates primarily from its Chandler, Arizona facility, with a focus on producing MRAM and STT-MRAM technologies. The company holds a robust position in the semiconductor industry, particularly within the memory technology segment. Everspin's solutions cater to a global clientele across diverse sectors such as industrial IoT, automotive, and data storage. They maintain competitive advantages through proprietary technologies, strategic partnerships, and commitment to innovation. The company's market position is strengthened by ongoing collaborations with key industry players and a solid pipeline of future products.
Everspin Technologies stands as a pivotal player in the semiconductor memory market, leveraging its advanced MRAM technology to meet the demanding requirements of modern data-centric applications. Its unique approach to memory solutions facilitates critical performance in sectors ranging from automotive to aerospace. As technology trends evolve, Everspin's commitment to innovation and strategic expansion underscores its potential for continued growth and influence in the global semiconductor landscape.