Everspin said that they see rapid growth in MRAM sales, and the company expects to sell over 3.5 million MRAM chips in 2011. The company sold their millionth MRAM chip in 3Q 2010, and since then sold another million.

Everspin expects the growth to continue at the same pace in 2012 - as they scored several new design wins.

The company also signed five new franchise distributor agreements worldwide to meet the growing demand: