Everspin - Page 8

Seagate demonstrate several new prototypes and technologies at Flash Memory Summit last week, and one of these is the new Nytron 5000B SSD drive that is a high-performance boot drive. The new device has 256GB of 3D MLC NAND and makes use of 1258MB of Everspin's STT-MRAM in addition to a "normal" DRAM cache.

Seagate says that the MRAM can be used as either a write cache for user data or it can be exposed directly as a separate storage namespace for explicit tiered storage. Seagate said that this is currently just a test-platform prototype - and not a preview of an upcoming product.

Everspin announced its financial results for Q2 2017. Revenues for the quarter reached $8.9 million (up from $6.7 million in Q2 2016) and the net loss reached $5.2 million (down slightly from $5.4 million in Q2 2016).

This was a record quarter for Everspin in terms of revenues, which shows the continued growth of its first-gen toggle MRAM. Everspin is now focused on bringing its STT-MRAM to market, and the company announced that its 256Mb STT-MRAM chips entered production to be used in SMART Modular's NVM Express PCIe Card.

Everspin announced its nvNITRO line of storage accelerators back in March 2017, and the company now announces that it has officially launched the new accelerators with 1GB and 2GB capacities, based on the company's 256Mb DDR3 ST-MRAM chips.

Everspin is accepting orders for the new products, which will ship in Q4 2017. The nvNITRO accelerators operate up to 1.5 million IOPS with 6μs end-to-end latency. Everspin is delivering a half-height, halflength (HHHL) PCIe card as well as U.2 form factors; both support NVMe and memory mapped IO (MMIO) access modes.

Everspin announced that it started sampling 1Gb STT-MRAM chips. Everspin's new chips provide a high-endurance, persistant memory with a DDR4-compatible interface. Everspin sees these chips being used in storage devices to provide protection against power loss without the use of supercapacitors or batteries.

Everspin's new pMTJ 1Gb chips provide 4 times the capacity of the company's current 256Mb DDR3 chips. The 1 Gb MRAM is produced in 28nm CMOS on 300mm wafers in partnership with GlobalFoundries.

GlobalFoundries has plans to deploy Everspin's perpendicular (pMTJ) STT-MRAM as an embedded 22nm memory - as part of GF's 22FDX platform. GlobalFoundries has released a technical paper that details the eMRAM ability to retain data at high temperatures.

The eMRAM can retain data through solder reflow at 260 degrees Celsius, and for more than 10 years at 125 degrees Celsius, plus read/write with outstanding endurance at 125 degrees Celsius. GlobalFoundries says that this will enable eMRAM to be used for general purpose MCUs and automotive SOCs.

MRAM chip maker Everspin reported its financial results for Q1 2017. Revenues reached $7.9 million (up from $6.2 million in Q1 2016) while the net loss was $6.1 million (up from a loss of $4.5 million in Q1 2016). Everspin says that is received strong bookings for its first-generation toggle MRAM products during the quarter, while design activity for both toggle and STT-MRAM chips continue to gain traction.

Everpin says it was selected by a major auto maker to include its Gen-1 MRAM chips in an emergency call system and a high-end navigation platform.

Everspin announced its financial results for Q4 2016. Revenues for the quarter reached $7.1 million (up from $6.8 million in Q4 2015) and the net loss reached $5.3 million (down from $6.3 million in Q4 2015).

For the whole of 2016, revenues were $27.1 million - up slightly from 2015 ($26.5 million). The net loss in 2016 was $16.7 million. Everspin says that most of the revenue in Q4 came from first-generation Toggle MRAM products. The company reports that design activity for both Toggle and STT-MRAM products continues to gain traction.

Everspin announced several new applications and customers for its MRAM solutions. First up is the new nvNITRO storage accelerator product family. These new cards (aimed for demanding applications such as financial transactions) are available in either 1Gb or 2Gb, and are based on Everspin's 256Mb DDR STT-MRAM chips. Later this year Everspin will release new models based on its 1Gb DDR4 chips which will enable capacities up to 16Gb.

Everspin says that the nvNITRO operate at a very fast 1,500,000 IOPS with 6-ms end-to-end latency. Everspin is testing the first cards at customers now, and initial production will begin in Q2 2017.

Everspin announced its financial results for Q3 2016. Revenues reached $7.1 million (slightly up from $7 million in Q3 2016) and net loss was $1.4 million (down from $4.5 million in Q3 2015).

Everspin reports that its first generation toggle-MRAM product revenues grew 9% in the first three quarters of 2016 compared to 2015.

MRAM chip maker Everspin started trading at the NASDAQ yesterday (Oct 7) - under the ticker "MRAM". The company sold 8 million shares at $8 a share, raising $40 million (a bit lower than the expected $45 million) in the successful IPO.

At the first trading day the stock price soared to $9.1 but quickly returned to the original IPO price of $8.