Everspin Technologies has entered into a $40 million 30-months defense subcontract agreement with Amentum Services Inc. to support the U.S. government’s Microelectronics Research, Development, Test, and Evaluation (RDT&E) program.
Everspin updates that the contract aims to establish proven processes and manufacturing capabilities for new Toggle MRAM. Under the agreement, Everspin will manage the program and develop on-shore Toggle MRAM production capability.
The company’s responsibilities include delivering process technology and engineering services, providing electrical characterization results, and implementing statistical process control to qualify manufacturing processes for Toggle MRAM products. Everspin will also provide process know-how and intellectual property for Toggle MRAM manufacturing if it exits the business during the contract period.
Disclosure: the Author of this post holds shares in Everspin
