In Chandler, Arizona, Everspin Technologies Inc. (NASDAQ: MRAM) has revealed a significant strategic move in the form of a manufacturing agreement with Microchip Technology. This collaboration aims to boost production capacity and enhance long-term supply for Everspin, a key player in developing and producing Magnetoresistive Random Access Memory (MRAM) solutions globally. The agreement spans an initial 10-year period, with the potential for extensions in increments of 2 years. This partnership signifies a crucial step for Everspin to bolster its onshore manufacturing capabilities.