In 2022, Everspin Technologies signed a contract to provide MRAM technology, design, and back end of line manufacturing services to QuickLogic Corporation for a project funded by the US Department of Defense.
Today Everspin announced a new strategic contract with QuickLogic. Everspin will provide its innovative AgILYST MRAM technology, logic design, and back end of line manufacturing services to advance the development and demonstration of a Strategic Radiation Hardened (SRH) high-reliability Field Programmable Gate Array (FPGA) technology.
The new project, valued at about $1.8 million, supports both current and future Department of Defense (DoD) strategic and space system requirements.
Back in 2022, Everspin said that that the initial contract is potentially valued at $2.8 million, with subsequent options bringing the total to approximately $8.7 million.
Disclosure: the Author of this post holds shares in Everspin.
