secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2026-04-10T23:59:59+00:00
Accession:  0001628280-26-024696
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000162828026024696/0001628280-26-024696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000162828026024696/mram-20260408.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-024696

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer