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Why Everspin Technologies (MRAM) Is Expanding Its U.S. MRAM Manufacturing Base

Everspin Technologies, Inc. (NASDAQ:MRAM) is one of the best emerging technology stocks to invest in now.

The latest emerging-tech story came on April 8, 2026, when Everspin Technologies, Inc. (NASDAQ:MRAM) announced a strategic manufacturing agreement with Microchip Technology to expand U.S.-based production capacity for MRAM and Tunnel Magnetoresistive sensor products. The initial 10-year agreement, which can be extended in two-year increments, gives Everspin an onshore manufacturing path at Microchip’s Oregon fabrication facility while allowing the company to retain ownership of its intellectual property and manufacturing process.

Image Credit: Pixabay

The agreement strengthens Everspin’s position in a niche but important part of the semiconductor market. Everspin said the partnership will create a second onshore source for MRAM and TMR sensor products, increase wafer capacity, support supply continuity into the next decade, and add ITAR-capable wafer processing. The company will continue manufacturing wafers at its Chandler, Arizona, facility while using its existing production experience as the benchmark for bringing up the Microchip line. First products from the collaboration are expected to ship in the second half of 2027.

Everspin Technologies, Inc. (NASDAQ:MRAM) develops and manufactures magnetoresistive random-access memory products for industrial, data center, automotive, aerospace, and other mission-critical applications.

While we acknowledge the risk and potential of MRAM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MRAM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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