U.S.-based memory chipmaker Everspin Technologies enters the Indian market. It introduces its magnetoresistive random-access memory (MRAM) products. The company targets the defense, space, and electric vehicle sectors. It aims to build local demand. Potential customers include the Defence Research and Development Organisation (DRDO) and the Indian Space Research Organisation (ISRO).
Everspin explores a partnership with Tata Electronics. This partnership focuses on outsourced semiconductor assembly and test (OSAT) services. Everspin CEO Sanjeev Aggarwal states the companies have an agreement to explore the relationship. Everspin would ship completed wafers to India for packaging. A formal packaging relationship could be established. This depends on Tata Electronics evaluating and meeting Everspin's requirements. The move aligns with India's expanding semiconductor ecosystem.