EverSpin was spun-off from Freescale in 2008 to handle its MRAM business. Since 2008 Everspin shipped more than 60 million MRAM Chips (discrete and embedded) into data centers, cloud storage, energy, industrial, automotive, consumer, and transportation markets.
The latest EverSpin news:
SMART Modular Technologies has launched its new nvNITRO U.2 Storage Accelerator that features Everspin's STT-MRAM technology. The nvNITRO is ideally suited for synchronous logging applications such as those used for financial trading.
SMART's nvNITRO U.2 Storage Accelerator uses a standard NVMe interface that is 1.2.1 compliant and provides less than six microseconds of industry-leading low latency access with persistence so that all logging data is safe. The U.2 form factor brings with it the advantage of being hot-swappable.
Everspin announced its financial results for Q3 2018 - revenues increased 28% year-over-year to reach $11.5 million, and the company's net loss was $ 5.6 million.
Everspin says it is pleased with the progress it made in the quarter in both its Toggle MRAM and STT-MRAM product lines. The company remains on track with its planned 1Gb STT-MRAM chip sample in December 2018.
Everspin announced that it has entered into a multi-year partnership with Malaysia-based SilTerra and to establish a Toggle MRAM production center in Malaysia. Bosch Sensortec, a licensee of Everspin's TMR sensor IP is also a part of this agreement.
SilTerra and Everspin's new Malaysian production center will start initial production in 2020. Everspin says that it is seeing growing demand for its Toggle MRAM products in the industrial, computing, medical, and transportation markets. Everspin will continue to produce Toggle MRAM and TMR sensor products at its own manufacturing line in Chandler, AZ, USA.
Last week, during the MRAM Developer Day (part of the 2018 Flash Memory Summit), Everspin's Kevin Conley gave one of the keynote addresses.
Kevin talk is interesting to read - it discuses Everspin's history, the current state of the MRAM market, some MRAM applications and the future of MRAM technologies. To read the entire address, click here.
Everspin announced its financial results for Q2 2018 - with revenues of $10.8 million (up from $8.9 million in Q2 2017) and a net loss of $6.6 million (up from $5.2 million in Q2 2017).
At the end of the quarter Everspin had $32.7 million in cash and equivalents. Everspin expects revenues in the next quarter to be between $10.6 million and $11 million.
A couple of days ago, Everdisplay disclosed its first major design win with a "top enterprise storage vendor" for its 40nm 256Mb STT-MRAM chips. We now know that this vendor is IBM - as it introduced its latest-generation enterprise SSD FlashSystem, which indeed includes Everspin's STT-MRAM.
Using MRAM instead of DRAM memory enabled IBM to remove the relatively large supercapacitors (used to make the DRAM non-volatile) and so the company was able to reduced the size of its drives and switch to a standard 2.5-inch U.2 drive form factor. The new FlashSystem SSDs support up to 19.2TB of 64L 3D TLC NAND. IBM's system uses a 20-channel NAND interface and a four-lane PCIe 4.0 host interface that can operate in dual-port 2+2 mode.
Everspin announces its first major design win with a top enterprise storage vendor for its 256Mb STT-MRAM chips
In its PR, Everdisplay discloses its first major design win with a "top enterprise storage vendor" for its 40nm 256Mb STT-MRAM chips. Everspin says that MRAM enabled the vendor to achieves new levels of performance, storage capacity and reliability.
Everspin announced its financial results for Q1 2018 - revenues reached a record $14.9 million as product revenues grew more than 40% compared to Q1 2017 and as Everspin received an upfront 3D sensor license fee with Alps Electric. Net loss in Q1 was $1.3 million, down from $6.1 million in Q1 2017.
At the end of the quarter, the Everspin had $33.9 million in cash and equivalents (up from $13 million in Q4 2017). In February 2018 Everspin raised $24.5 million in a secondary offering. Everspin expects revenues in Q2 2018 to be in the range of $10.9 million to $11.3 million.
SMART Modular Technologies announces that it has began shipping its new 1Gb nvNITRO Accelerator Card that features MRAM technology. These new nvNITRO cards use Everspin's STT-MRAM chips. SMART says that nvNITRO is ideally suited for the most demanding transaction logging applications and is designed with plug-and-play capability requiring no changes to system hardware, memory reference, bios or file systems.
SMART further says that the new cards enable a system application to write or log large amounts of data at the full performance of incoming data and provides extremely low and highly consistent read latencies of under 10µs. Because of the non-volatility of the MRAM chips, these cards do not need any power source such as super capacitors or batteries.
Everspin announced its financial results for Q4 2017 - revenues reached a record $10.1 million (up 43.3% from the $7.1 million in Q4 2016). Net loss in Q4 2017 was $4.4 million (down from $5.3 million in Q4 2016).
For the full year 2017, revenues increased 32.6% and reached a record $35.9 million (up from $27.1 million in 2016) - while the net loss in 2017 was $21.1 million.