Crocus develops their 2nd generation MRAM tech, to produce 90nm MRAM chips in Russia?

Crocus announced that they have successfully developed their 2nd generation MRAM products, using SVTC Technologies production ready tools, metrology and infrastructure. Crocus said that they transferred the process to a production foundry.

Crocus says that their MRAM technology can be scalable to 90nm, 65nm and smaller, and offers high speed, reliability, and reduced power consumption.

Read the full story Posted: Apr 28,2011

Crocus raised $21 million, has over 250 sensor customers, will break even in Q1 2016

Crocus Technology has secured $21 million in a new financing round. All of Crocus’ historical French and international investors participated in the round, including NanoDimension, Innovation Capital, IdInvest Partners, and Rusnano. Founded in 2004, Crocus has raised $194 million to date.

Crocus says that since it began producing MLU-based magnetic sensors in mid-2014, they have over 250 customers. The new capital will help Crocus to deploy its sensor product line in the key target markets: industrial, consumer electronics, automotive and solutions for IoT. Crocus will also strengthen its commercial resources (including finalizing a distribution network in Asia and reinforcing the support team) and develop develop new designs to enrich the product portfolio with integrated sensor and smart sensor applications. Crocus aims to reach breakeven in Q1 2016.

Read the full story Posted: Jun 19,2015

Crocus raised $45 million, hopes to start generating revenue towards the end of 2013

Crocus Technology have completed their Series D round of funding, raising €34 million (about $45 million). The company raised $80 so far (not counting the $300 million from RUSNANO towards a manufacturing fab in Russia). The company hopes to start generating revenue by the end of 2013 and become cashflow break-even by the end of 2014.

Crocus are rather busy. They will use the money to ramp up its manufacturing at Tower Semiconductors (in Israel) while also qualifying its Russian joint venture fab in Moscow. They expect first engineering wafers in the summer.

Read the full story Posted: Jul 16,2013

Crocus raises $17 million on potential of MRAM

Crocus Technology SA, a startup company specializing in magnetic random access memory, has raised $17 million in a Series A round of financing.

The money would be used to allow Crocus (Grenoble, France) to hire engineers and scientists in process engineering, test and design from Europe and the United States, Sofinnova Ventures said. Crocus also needs money to acquire specialized equipment to enable the company to complete a first memory test vehicle within 12 months and its first commercial product shortly thereafter, Sofinnova added.
Crocus was founded in 2004 with an initial grant from CEA, France's atomic energy commission and CNRS, France's national research council. It has claimed it possesses the most advanced magnetic-on-MOS roadmap thanks to access to key MRAM patents from Spintec, a CEA/CNRS research laboratory.

The MRAM technology on offer from Crocus would be improved through formal joint development programs between the company, Spintec and other European laboratories, the company said.

Read the full story Posted: Jun 16,2006

Cypress Reports Fourth Quarter 2004 Results, Sampling MRAM

Silicon Magnetic Systems (Cypress' MRAM subsidiary) provided alpha samples of its 256-Kbit MRAM device to seven key customers, two of which have indicated that the MRAMs are fully functional in initial system tests and five that are currently developing evaluation systems. MRAM is a fast-write, easy-to-use technology combining the best characteristics of volatile and non-volatile memories.
Read the full story Posted: Jan 27,2005

Everspin announced a restructuring plan to reduced expense and achieve breakeven in 2020

Everspin Technologies announced that the company will undergo a restructuring plan designed to reduce annual operating expenditures and achieve quarterly cash flow breakeven this year. At the end of January the company will reduce its headcount - an approximately 15% reduction of the workforce.

Everspin also announced that it reaffirms its Q4 2019 revenue guidance of $9.3 million to $9.7 million.

Read the full story Posted: Jan 16,2020

Everspin announces its financial results for Q2 2017

Everspin announced its financial results for Q2 2017. Revenues for the quarter reached $8.9 million (up from $6.7 million in Q2 2016) and the net loss reached $5.2 million (down slightly from $5.4 million in Q2 2016).

This was a record quarter for Everspin in terms of revenues, which shows the continued growth of its first-gen toggle MRAM. Everspin is now focused on bringing its STT-MRAM to market, and the company announced that its 256Mb STT-MRAM chips entered production to be used in SMART Modular's NVM Express PCIe Card.

Read the full story Posted: Aug 11,2017

Everspin announces its Q3 2019 financial results

Everspin Technologies announced its financial results for Q3 2019 - with revenues of $9.2 million (down from $11.5 million in Q3 2018) and a net loss of $3.7 million (down from $5.6 million in Q3 2018). Everspin says that it achieved record STT-MRAM revenues.

At the end of the quarter, Everspin had $14.8 million in cash and equivalents. For the next quarter, it expects revenues to be between $9.3 million and $9.7 million.

Read the full story Posted: Nov 10,2019