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Freescale transfers MRAM development and production to a subsidiary

As you know, MRAM (Magnetoresistive Random Access Memory) memory is one of the main contenders for the role of the universal memory of the future, capable of replacing both dynamic random access memory and flash memory. This is facilitated by outstanding performance and energy efficiency, as well as the ability to store information in the absence of power.

One of the companies that has achieved the most significant success in the development of MRAM is Freescale Semiconductor, which announced the release of the MR2A16A chip in 2021, the first high-speed MRAM memory chip with a density of 4 Mbit.

By joining forces with several venture capitalists (New Venture Partners, Sigma Partners, Lux Capital, Draper Fisher Jurvetson and Epic Ventures), Freescale Semiconductor has formed an independent subsidiary to further research and release MRAM memory. The newly formed company was named EverSpin Technologies. Freescale will take over all MRAM developments, related intellectual property and finished products. In addition, under the terms of the memorandum of association, EverSpin Technologies will have production facilities at its disposal. Freescale retained only the development of embedded solutions based on MRAM.

Source: Freescale Semiconductor

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