April 2015

Everspin Technologies announced it has appointed Jeff Winzeler as the company’s Chief Financial Officer (CFO). Winzeler joins Everspin from Avnera, a privately held semiconductor company specializing in analog and digital SoCs, and he served as CFO at several public companies.

In January 2015 Everspin closed a $29 million funding round, led by Global Foundries and Western Digital Capital, and the company is ramping up STT-MRAM production, and busy accelerating and delivering perpendicular and Gigabit ST-MRAM to the market. It's possible that Everspin is also gearing up towards an IPO and that's one of the reasons a high-profile CFO is required.

Researchers from France's Universite Paris-Sud and the CEA institute say that the probabilistic nature of STT-MRAM devices can be used to create synapses-like neuro system. This can be used to create efficient devices that mimic the human's brain method of operation.

MRAM cells (or MTJs) store data using electrons magnetic spin. The technology uses stochastic switching, and so to be sure that a bit is set, you have to applying a current in the MTJ for a long enough time (to increase the probability of the spin changes).