8-K
filed April 10, 2026, 7:59 PM ET
ticker MRAM
CIK 0001438423
other material
confidence high
sentiment positive
materiality 0.75
Everspin signs 10-year foundry deal with Microchip for on-shore MRAM wafer production in Oregon
EVERSPIN TECHNOLOGIES INC.
- 10-year foundry deal with Microchip Technology for 8-inch MRAM, TMR sensor, and STT-MRAM wafers at Microchip's Oregon Fab 4.
- Everspin to reimburse Microchip estimated $13.95M in two phases for tooling relocation, setup, and qualification costs.
- First product shipments expected H2 2027; Toggle/Sensor wafer capacity in ~18 months, STT capacity in ~30 months from April 8, 2026.
- Minimum purchase commitments ramp to 1,300 wafers per quarter; shortfall payment required in cash within 45 days.
- Everspin retains ownership of product-design IP; Microchip owns process-technology IP; mutual cross-licenses for respective fields.
Machine-readable event card
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- 0001628280-26-024696
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- 0001438423
- company_name
- EVERSPIN TECHNOLOGIES INC.
- filed_at
- 2026-04-10T23:59:59+00:00
- discovered_at
- 2026-05-14T18:02:32.292707+00:00
- generated_at
- 2026-05-15T06:40:06.316990+00:00
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- 0.75
- confidence
- high
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- https://www.sec.gov/Archives/edgar/data/1438423/000162828026024696/0001628280-26-024696-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1438423/000162828026024696/mram-20260408.htm
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