Micromem announced that they have raised 375K$ in a private placement.
They will use the proceeds from the offering for general working capital purposes.
Everspin has shipped more than 100K 4Mbit MRAM chips to Siemensâ Industry Automation division. Siemens uses the MRAM in an industrial touch-screen application. They have reported zero field failures over the last two years.
EverSpin MR2A16 ChipsSiemens uses Everspin MRAM to maintain software-programmable logic controller (SoftPLC) process data for its Simatic Multipanel MP 277 and MP 377 multi-panel human machine interface (HMI) products without battery backup.
