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Freescale spins mram out
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09/06/2008
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Freescale is to spin its mram (magnetorestrictive ram) technology off into a new company called EverSpin Technologies.
According to Freescale, it will transfer its mram technology, plus related IP and productsm to EverSpin whilst retaining a stake in the new venture. However, it will continue to develop embedded products based on EverSpin's mram technology.
“MRAM is a differentiating technology with numerous applications across the semiconductor market in standalone memory and embedded products,” said Lisa Su, Freescale’s senior vice president and chief technology officer. “The decision to form a new company is intended to accelerate the adoption of mram across the entire suite of new applications.”
As part of the agreement, EverSpin – which will be based in Chandler, Arizona – will continue to supply products to Freescale’s existing mram customers.
EverSpin is backed by venture firms New Venture Partners, Sigma Partners, Lux Capital, Draper Fisher Jurvetson and Epic Ventures.
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Author
Graham Pitcher
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