Everspin to make improved memory card with GlobalFoundries, shares rise

EverSpin Technologies

12/03/2020 17:48

** Shares of semiconductor maker  MRAM.O  up 15.5% at $2.60,
 set to snap five-day losing streak if gains hold
    ** MRAM says it extended its current development agreement
with semiconductor foundry GlobalFoundries 
    ** Deal involves building a more power-efficient 12nm FinFET
MRAM memory card, used by high-power data centers and IoT
systems  urn:newsml:reuters.com:*:nBw84KdTxa
    ** Everspin and GlobalFoundries have been partners since
2014
    ** Stock set for biggest one-day percentage gain in 7
months, if gains hold
    ** Stock down ~50.6% YTD
    
    

 (Reporting by Yajush Gupta in Bengaluru)
 ((Yajush.Gupta@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 88024 43398;))