Everspin Technologies, Inc.

Headquartered in Chandler, Arizona, Everspin Technologies, Inc. is the global leader in the development and manufacture of Magnetoresistive Random Access Memory (MRAM). Since its founding in 2008, the company has provided high-performance persistent memory solutions that combine the speed of traditional RAM with the non-volatility of flash storage.

At the core of its technology portfolio are Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM). These products serve mission-critical applications where data integrity and extreme reliability are non-negotiable. In addition to these memory chips, the firm produces Tunnel Magneto Resistance (TMR) sensors for industrial and automotive systems. As a result of their high endurance and radiation tolerance, Everspin’s technologies are vital components in aerospace, medical devices, and high-speed data centers.

In the first quarter of 2026, the company achieved a significant milestone by securing a $40 million contract with a major U.S. defense contractor to provide state-of-the-art MRAM process technology. Along with this defense expansion, Everspin recently introduced the UNISYST family. This new generation of unified memory aims to replace traditional NOR flash in embedded systems by offering significantly faster write speeds for edge AI workloads.

To ensure a stable long-term supply, Everspin recently entered a strategic ten-year agreement with Microchip Technology to expand its on-shore manufacturing capacity. This partnership helps the firm meet growing demand for its PERSYST line, which now includes high-density 256Mb STT-MRAM options. By maintaining its focus on innovation and domestic production, the company continues to shape the future of industrial automation and autonomous transportation.