Everspin looks for cash to expand operation

There are reports that Everspin is looking for venture capital cash - as it wants to hire more people needed to expand operation. The company expects to ship over 5 million MRAM chips in 2012 to over 300 customers.

Last month Everspin announced a 300% growth in product shipment in 2011 with 250 new design wins, including Dell and LSI.

Posted: Feb 05,2012 by Ron Mertens