Simply Wall St.165d agobullish
Why Microchip Technology (MCHP) Is Up 9.1% After Expanding Onshore MRAM Foundry Partnership With EverspinIn April 2026, Everspin Technologies announced a 10‑year extendable agreement with Microchip Technology to establish a copy‑exact MRAM and TMR sensor manufacturing line in a Microchip Oregon fab, providing onshore second‑source capacity, ITAR‑compliant processing, and supply continuity beyond 2027. This collaboration strengthens Microchip’s role in U.S. semiconductor manufacturing infrastructure while giving Everspin additional room to pursue MRAM R&D and future product applications. Next,...