---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-024696"
form_type: "8-K"
ticker: "MRAM"
cik: "0001438423"
company_name: "EVERSPIN TECHNOLOGIES INC."
filed_at: "2026-04-10T23:59:59+00:00"
generated_at: "2026-05-15T06:40:06.316990+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Everspin signs 10-year foundry deal with Microchip for on-shore MRAM wafer production in Oregon

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-024696
- form_type: 8-K
- ticker: MRAM
- cik: 0001438423
- company_name: EVERSPIN TECHNOLOGIES INC.
- filed_at: 2026-04-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1438423/000162828026024696/0001628280-26-024696-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438423/000162828026024696/mram-20260408.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-024696
- JSON: https://secwatch.observer/filing/0001628280-26-024696.json
- Plain text: https://secwatch.observer/filing/0001628280-26-024696.txt

## Source-grounded claims
- claim_id: 5e050e46d5ab8cb0aa31480238a4be26c412c53f
  claim: EVERSPIN TECHNOLOGIES INC. entered into Foundry Services Agreement with Microchip Technology valued at Estimated total reimbursement of approximately $13.95 million in two phases for costs; minimum purch (effective 2026-04-08).
  evidence_excerpt: On April 8, 2026, Everspin Technologies, Inc. (the “Company”) and Microchip Technology (“Microchip”) entered into a Foundry Services Agreement (the “Agreement”). Under the Agreement, Microchip will manufacture 8-inch Magnetoresistive Random Access Memory (“MRAM”), Tunnel Magnetoresistive (“TMR”) sensor, and Spin-transfer Torque (“STT”) MRAM wafers for the Company at Microchip’s Fab 4 facility located in Gresham, Oregon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1438423/000162828026024696/0001628280-26-024696-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.