Semiconductor Stars: Ranking the Top 10 Chip Stocks by YTD Performance 

7. Everspin Technologies, Inc. (NASDAQ:MRAM)

YTD Share Price Return: 89.41%

Everspin Technologies, Inc. (NASDAQ:MRAM) is one of the top semiconductor stocks in our ranking of the top 10 chip stocks by YTD performance. On April 30, Everspin Technologies, Inc. (NASDAQ:MRAM) announced an agreement with a U.S. prime contractor to provide state-of-the-art Toggle MRAM process technology capabilities and engineering services for United States Defense Industrial Base customers.

Under the terms of the agreement, Everspin Technologies, Inc. (NASDAQ:MRAM) is a subcontractor on an existing Prime Contract that will offer engineering and foundry services for the U.S. Department of War (DoW). Management further stated that the company’s recently announced foundry services agreement with Microchip expands its U.S.-based manufacturing capability, which is anticipated to support future production of these programs. The company also stated that the agreement is valued at an aggregate of $40.0 million over two and a half years.

Sanjeev Aggarwal, President and Chief Executive Officer of Everspin Technologies, Inc. (NASDAQ:MRAM), stated that the work builds on the company’s long history “supporting U.S. DoW programs where performance, reliability, longevity, and U.S. domestic production are critical”.

Everspin Technologies, Inc. (NASDAQ:MRAM) is involved in the provision of magnetoresistive random access memory (MRAM) solutions, with its products including Toggle MRAM, Spin-transfer Torque MRAM, TMR Sensors, and Embedded MRAM.