Richard Shannon

Shadi Mitwalli

- Everspin Technologies, a leading provider of embedded MRAM technology, reported **$26 million in revenue for the first half of 2025** and holds a strong financial position with **$45 million in cash** as of June 30 and **zero debt**.  **[1438423_2145791_7]** **[1438423_2145791_1]** 
- The company aims to **double its revenue from approximately $50 million to $100 million in the next three years**, driven by an expanding total addressable market projected to exceed **$4.3 billion by 2029**.  **[1438423_2145791_7]** **[1438423_2145791_1]** **[1438423_2145791_3]** 
- A key growth driver is the new Genesis product, designed to replace NOR flash, which targets a **$3.5 billion market by 2029** and is expected to enter production in **Q2 2026**.  **[1438423_2145791_2]** **[1438423_2145791_3]** **[1438423_2145791_7]** 
- Everspin is expanding its manufacturing capabilities by partnering with **TSMC** for its upcoming 256-megabit product on a 16-nanometer process.  **[1438423_2145791_5]** **[1438423_2145791_6]**

EVERSPIN TECHNOLOGIES (MRAM)