Lossy Everspin takes MRAM partnership down to 12nm

March 16, 2020 //By Peter Clarke
Lossy Everspin takes MRAM partnership down to 12nm
Loss-making MRAM pioneer Everspin Technologies Inc. (Chandler, Ariz.) and its foundry partner Globalfoundries Inc. (Santa Clara, Calif.) have extended their joint development agreement to 12nm for both embedded and discrete MRAM.

The two companies have developed a number of variously optimized MRAMs at the 40nm, 28nm and 22nm nodes including the production of a DDR4 1Gbit MRAM. The companies have now updated their agreement to include a 12nm FinFET spin-torque-transfer MRAM on its 22FDX platform.

Everspin has shipped over 125 million units of discrete MRAM products to date and has over 1000 customers. Globalfoundries is leading in embedded MRAM development and aims to displace embedded flash memory, particularly in microcontroller applications and wireless connected IoT.

For the full year of 2019 Everspin made net loss of $14.7 million on total revenue of $37.5 million. The total revenue was down from $49.4 million in 2018, a drop of 24 percent. Both products sales and licensing were down.

"Further scaling to Globalfoundries' 12nm FinFET platform will continue to solidify not only our mutual technology leadership but will provide the next step for STT-MRAM as the future of memory technology," said Kevin Conley, CEO of Everspin, in a statement.

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