Everspin Technologies Expands On-Shore MRAM Manufacturing Capacity

Why It Matters

The deal secures a domestic, ITAR‑ready supply chain for high‑density MRAM, reducing geopolitical risk and supporting expanding automotive, defense, and data‑center applications.

Key Takeaways

• 10‑year contract, renewable in 2‑year increments
• Oregon fab adds on‑shore second source for MRAM
• First shipments expected second half of 2027
• Enables ITAR‑compliant wafer processing for defense customers
• Boosts capacity to meet rising automotive and data‑center demand

Pulse Analysis

Magnetic RAM (MRAM) has moved from niche memory to a mainstream contender for high‑performance, non‑volatile storage, driven by its endurance, low power draw, and radiation hardness. As automotive electronics, edge AI, and secure defense systems demand faster, more reliable memory, manufacturers are racing to scale production. Everspin, a pioneer with two decades of MRAM experience, has built a reputation for delivering dense, reliable chips, but its on‑shore capacity has been limited to a single line in Chandler, Arizona.

The new 10‑year agreement with Microchip Technology expands Everspin’s footprint into Microchip’s Oregon fabrication facility, effectively creating a copy‑exact MRAM line that mirrors the Chandler process. By retaining intellectual property while tapping Microchip’s foundry services, Everspin gains a scalable, domestic source that can meet surging demand without compromising design control. The arrangement also adds ITAR‑approved wafer processing, a critical factor for defense contractors who must comply with strict export regulations. Shipping is slated for H2 2027, giving customers a clear timeline for supply continuity over the next decade.

For the broader semiconductor ecosystem, this partnership signals a shift toward on‑shore diversification of advanced memory production, mitigating supply chain disruptions seen during recent global shortages. Competitors will need comparable domestic capacity to stay relevant in sectors where latency, security, and reliability are non‑negotiable. As MRAM adoption accelerates, the Everspin‑Microchip collaboration positions both firms to capture a larger share of the emerging market for next‑generation memory solutions, while providing investors confidence in a stable, long‑term revenue stream.