Everspin reported its Q4 2018 financial results

Everspin announced its financial results for Q4 2018. Revenues in the quarter grew 21% from last year to reach $12.3 million, while total year revenues in 2018 grew 38% from 2017 to reach $49.4 million. Net loss in the quarter was $3.5 million (down from $4.4 million in Q4 2017). Net loss for the whole 2018 was $17.8 million (down from $21.1 million in 2017).

Everspin says that it has increased the production volume of its 40nm 256Mb STT-MRAM in support of its lead flash array customer. Everspin ended 2018 with with cash and cash equivalents of $23.4 million.

Read the full story Posted: Mar 15,2019

Everspin reports its financial results for Q2 2020

Everspin Technologies reported its financial results for Q2 2020. Total revenues reached $11.8 million, up 37% from Q2 2019, and the GAAP net loss was $1.3 million (compared to a net loss of $3.7 million in Q2 2019). Cash and equivalents at the end of Q2 2020 were $12.9 million.

Everspin says it has extended its momentum into the second quarter, with record revenues of its 1Gb STT-MRAM product. Looking into Q3, Everspin says it sees a delay in new product introduction plans by customers, and so sees its revenues between $10 million and $10.8 million.

Read the full story Posted: Aug 07,2020

Everspin reports its Q1 2022 financial results

Everspin Technologies announced its financial results for Q1 2022, with revenues of $14.3 million (up 39% from 2021) and a net income of $1.9 million (compared to a $0.5 million net loss in 2021).

Everspin Technologies chip photo

Everspin says its product backlog for the rest of 2022 is at an all-time high, as demand continues to outpace supply. The company continues to work with its foundry partners to increase production capacity, but it expects the supply chain constraints to tighten in H2 2022.

Read the full story Posted: May 12,2022

Everspin repots its Q1 2019 financial results

Everspin announced its financial results for Q1 2019. Revenues in the quarter were to $10 million (down from $14.9 in Q1 2018). Net loss was $4.3 million (up from $1.3 million in Q1 2018).

At the end of the quarter, Everspin had $18.5 million in cash and equivalents. For the next quarter (Q2 2019), Everspin expects revenues to be in the range of $9.6 million to $10 million.

Read the full story Posted: May 09,2019

Orthogonal Spin Transfer MRAM developer Spin Memory liquidates

Orthogonal Spin Transfer MRAM (OST-MRAM) technology developer Spin Memory is shutting down. The company's main investor and founding company, Allied Minds, said in a statement that the main reasons challenges in securing new customers and COVID-19 which "significantly delayed the required testing of its development chip with ARM".

MRAM by Spin Memory photo

This is a sad ending to Spin Memory, which began its way as Spin Transfer Technologies - a spin-off from NYU that was established together with Allied Minds.

Read the full story Posted: Jul 15,2021

All Dip and No Chip: A NVE report

The fool says - "As we reported back in August 2004, when the stock was trading around $35, until we see some public validation of NVEC's technology, there is little propping up this stock even at these much lower levels.
Should the promises materialize, we have a disruptive technology on our hands. And that's when we might consider NVE Corp. worthy of inclusion in our Rule Breaker portfolio. Until then, we'll keep watching -- come and join us"

Read more here

Read the full story Posted: Jan 24,2005

Avalanche raises $30 million to bring their STT-MRAM products to market

Avalanche Technology announced that it has raised $30 million from existing investors (Vulcan Capital, Sequoia Capital, Bessemer Venture Partners, Thomvest Ventures and Qualcomm Ventures) and also from a new investor, VTB capital. Avalanche hopes that this investment will enable them to bring the first products into the market.

Avalanche will produce STT-MRAM chips based on their proprietary SPMEM (Spin Programmable Memory) technology. SPMEM uses a revolutionary spin current and voltage switching technology that enables "lower write current, smaller cell size and excellent scalability". The first products will use a 65 nm process, but the company says that their technology is scalable to 10 nm or even less.

Read the full story Posted: Aug 01,2012

Avalanche Technology raises $33 million in a new funding round

pMTJ STT-MRAM developer Avalanche Technology announced that it closed its latest funding round led by Thomvest Ventures, having raised $33 million.

Avalanche currently brands its MRAM chips as P-SRAM (persistent SRAM) devices. The new funds will enable the company to develop higher-density P-SRAM devices. In addition, Avalanche says it will develop the higher densities of "persistent DRAM" required for the next generation of machine learning architectures.

Read the full story Posted: Jun 03,2019

Canon buys Anelva Corp

In an effort to someday profit off of the manufacturer of surface-conduction electron-emitter display or SED devices, Canon yesterday bought 53.9% of NEC Machinery and all of NEC Machinery’s shares in Anelva Corp., a subsidiary of NEC Corp. Anelva is a japanese company that manufactures major equipment for the fabrication of semiconductors and LCDs using vacuum technology. Anelva developed a 200- to 300-mm-wafer-compliant deposition (sputtering) equipment for MRAM, the C-7100, using their unique low-pressure plasma deposition technique.

Read the full story Posted: Oct 05,2005

Crocus Acquires NXP Semiconductor's MRAM Patent Portfolio

Crocus announced that they acquired NXP Semiconductor's MRAM patent portfolio - which includes fundamental MRAM intellectual property rights in multiple geographies worldwide, including North America, Europe and Asia.

Crocus now holds over 100 issued and pending patents related to the magnetic semiconductor technology covering magnetic materials, devices, and design and product technology.

Read the full story Posted: Aug 31,2011