QUIK - Everspin secures contract to integrate MRAM IP directly into the FPGA product
- Everspin Technologies ( NASDAQ: MRAM ) has signed a contract to provide MRAM technology, design, and back end of line manufacturing services with QuickLogic Corporation ( NASDAQ: QUIK ) to support identified and future Department of Defense strategic and space system requirements.
- The initial award is potentially valued at $2.8M, with subsequent options bringing the total to ~$8.7M.
- The project is sponsored by DoD’s Trusted and Assured Microelectronics ((T&AM)) Program.
- Everspin will extend its traditional market of discrete MRAM designs by collaborating with QuickLogic and integrating MRAM directly into the FPGA product.
For further details see:
Everspin secures contract to integrate MRAM IP directly into the FPGA product