"Everspin's discrete MRAM and STT-MRAM sales have been pretty stagnant in the last few years. How do you see the future, do you see a ramp-up in demand? What will trigger increased sales and production?
Everspin has reported four years of high single-digit CAGR growth in our sales from FY20 to FY23. In recent quarters, we have seen a reduction in orders as a result of an industry-wide slowdown in the industrial sector, combined with a build-up of inventory at our customers that is beginning to deplete. We expect normal production ordering to return and we are optimistic about a return to growth in the coming quarters. Triggers for increased sales are a recovery in APAC/Japan industrial markets, inventory levels returning to normal, and continued success in new design wins for our PERSYST family of products."
If CH is to be believed the Industry doesn't want MRAM for most applications ... Time will tell..
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