Everspin Technologies, Inc. Overview
Pro stress-test →Everspin Technologies is the world's leading developer and manufacturer of persistent Magnetoresistive Random Access Memory (MRAM) solutions. MRAM uses the magnetism of electron spin to provide fast and enduring non-volatile memory, storing information in magnetic material integrated with silicon circuitry to deliver the speed of RAM with the non-volatility of Flash.
Strategic Profile
Pro stress-test →The company has strong demand across Low Earth Orbital Satellite, Casino Gaming, and Energy Management segments, with data center business remaining strong with continued demand for toggle MRAM products for RAID applications from customers including Dell and Supermicro. Everspin offers Toggle-MRAM, STT-MRAM and pMTJ STT-MRAM chips targeting mission-critical applications in aerospace, defense, automotive, and industrial sectors.
Competitive Landscape
Pro stress-test →Everspin operates in a niche market with limited direct MRAM competitors; primary competition comes from traditional memory technologies (DRAM, Flash, SRAM) and emerging non-volatile memory solutions. Major barriers to entry include Everspin's patent portfolio, manufacturing capabilities, and customer relationships in critical aerospace/defense applications. Competitors in adjacent non-volatile memory include Intel/Micron (3D XPoint), Samsung (Z-NAND), and emerging technologies like ReRAM.
Industry Context
Everspin Technologies, Inc. operates in Non-Volatile Memory Semiconductors / Specialized Memory Solutions.
Key facts
Founded: 2008 · Headquarters: Chandler, Arizona, USA · Revenue: $14.1M (Q3 2025)