Oct 29, 2014

Everspin Technologies entered into a partnership with GlobalFoundries to build fully processed 300mm wafers with Everspin's ST-MRAM technology, starting with GF's 28-nm and 40-nm low-power CMOS platforms. As part of the agreement, GlobalFoundries invested an undisclosed amount in Everspin, and they already acquired ST-MRAM processing equipment (40-nm).

Everspin hopes that the new agreement will help drive ST-MRAM adoption and will offer higher volume production at lower cost. The company reports that they shipped over 40 million MRAM chips - which represents very fast growth as in August 2013 they reported selling 10 million MRAM chips so they sold almost 30 million chips in just over a year (it took them over 4 years to sell the first 10 million).