Everspin Technologies (MRAM) Baird 2024 Global Consumer, Technology, & Services Conference summary

Company overview and technology leadership

• Global leader in MRAM, with over 15 years of production and more than 150 million units shipped.

• Only domestic U.S. supplier of MRAM, with unique 8-inch and 12-inch manufacturing capabilities.

• Technology is robust, radiation-immune, and operates from -55 to 150°C, serving mission-critical applications.

• Holds over 650 patents and has licensed technology to major companies and the U.S. government.

• Diverse customer base of 2,000+, minimizing single-customer risk.

Market opportunity and product roadmap

• Total addressable market (TAM) estimated at $7.5 billion, with a serviceable available market (SAM) near $5 billion.

• UNISYST targets the $2.5 billion NOR Flash market, aiming to launch a 1Gb xSPI product next year.

• PERSYST and UNISYST product lines address high-endurance, high-performance, and unified code/data memory needs.

• AGILYST, a distributed MRAM for AI inference and FPGAs, is in development for commercialization in 2-3 years.

• Roadmap includes persistent memory in production, new xSPI family in design, and future distributed MRAM for edge AI.

Competitive advantages and applications

• MRAM offers persistence, high speed, unlimited endurance, and reliability, outperforming SRAM, DRAM, and NOR Flash.

• Products are used in industrial automation, data centers, aerospace, medical devices, EVs, and casino gaming.

• MRAM's radiation immunity enables use in space missions, including Mars rover and NASA's Lucy mission.

• Customers include IBM, Broadcom, Siemens, Canon, IGT, and automotive leaders like Lucid and BMW.

• In-house design and manufacturing ensure IP protection and cost control.