CHANDLER, Ariz. - Everspin Technologies, Inc. (NASDAQ: NASDAQ:MRAM), a global leader in the development and manufacturing of Magnetoresistive Random Access Memory (MRAM) solutions, has announced the appointment of Douglas Mitchell to its Board of Directors, effective February 26, 2024.
Douglas Mitchell brings over four decades of experience in the semiconductor industry to Everspin's board. His career includes executive roles in technology-focused companies, where he specialized in micro-controllers, digital signal processors, and memory products.
Notably, Mitchell's expertise is in market requirements and growth opportunities for high-performance, non-volatile memory integrated circuits (ICs).
Previously, Mitchell held the position of Vice President of RAM products at Infineon (OTC:IFNNY) Technologies, managing a portfolio of memory technologies. His background also includes a stint as Vice President of Sales & Marketing at Everspin, shortly after its separation from Freescale, where he spearheaded business development for MRAM products.
Furthermore, he has served as President & CEO of Simtek Corporation, a provider of non-volatile RAM ICs, which was later acquired by Cypress Semiconductor.
Sanjeev Aggarwal, President and CEO of Everspin, expressed confidence in Mitchell's return, highlighting his deep knowledge of competitive memory products, experience in application use cases, and strategic go-to-market strategies. Aggarwal emphasized that Mitchell's vast experience and strategic insight are expected to significantly contribute to Everspin's strategic direction and growth.
Everspin Technologies is recognized for providing high-performance, non-volatile MRAM solutions essential for Industrial IoT, Data Centers, and other critical applications where data persistence is crucial. Headquartered in Chandler, Arizona, Everspin serves a broad and diverse customer base with its commercially available MRAM solutions.
This announcement is based on a press release statement. It should be noted that forward-looking statements in the press release are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
Everspin does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made.
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