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StocksMedium•16 April 2026•

1 min read

Everspin Technologies Signs 10-Year Strategic Manufacturing Deal with Microchip

Mark Zuckerberg and Aart de Geus with Meta and Synopsys logos, AI chips, silicon wafers, and data center equipment.

Key Facts

1Everspin Technologies entered into a 10-year strategic manufacturing agreement with Microchip Technology.

2The agreement aims to augment onshore manufacturing capacity and strengthen long-term supply for MRAM solutions.

Everspin Technologies has entered into a significant 10-year strategic manufacturing agreement with Microchip Technology to expand its domestic production footprint. The partnership is designed to augment onshore manufacturing capacity and ensure a stable, long-term supply of Magnetoresistive Random Access Memory (MRAM) solutions. The initial contract spans a decade, with built-in options to extend the term in two-year increments. By securing this domestic manufacturing route, Everspin aims to mitigate supply chain risks and meet the rising global demand for persistent memory. This collaboration provides the company with enhanced revenue visibility and operational stability within the specialized semiconductor market. The move aligns with broader industry trends focusing on onshoring critical technology production to safeguard against global disruptions.