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CHANDLER, Ariz., & GARLAND, Texas--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of MRAM solutions, and Teledyne HiRel Semiconductors (Teledyne HiRel), a business unit of Teledyne Technologies Incorporated (NYSE: TDY) and a leading supplier of high-reliability semiconductor solutions, today announced a strategic partnership to accelerate adoption of…

Everspin Tech (NASDAQ: MRAM) outlined its growth strategy in magnetic random-access memory, or MRAM, citing expanding demand from industrial automation, aerospace, data centers and higher-density replacements for NOR flash memory. During a fireside chat hosted by Lytham Partners Managing Partner Robert Blum, President and Chief Executive Officer Sanjeev Aggarwal said the company has shipped more than

Everspin Tech NASDAQ: MRAM outlined its growth strategy in magnetic random-access memory, or MRAM, citing expanding demand from industrial automation, aerospace, data centers and higher-density replacements for NOR flash memory.

Everspin Tech NASDAQ: MRAM outlined plans to expand its MRAM memory product portfolio, manufacturing footprint and revenue base during an Oppenheimer presentation, with management targeting more than $100 million in annual revenue by fiscal 2029.

Everspin Technologies is rated 'Buy' with a $27/share price target, reflecting 74% upside potential. MRAM targets revenue growth from $55M in FY25 to $100M in FY29, which I believe can be met with data center and space infrastructure adoption. Everspin's fab-lite model supports >50% gross margins and positive free cash flow, with $44M cash and zero debt.