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Everspin Technologies, MaxLinear Sign MOU to Evaluate AI Server Memory Architectures

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Everspin Technologies (MRAM) signed a memorandum of understanding with MaxLinear (MXL) to evaluate memory architectures intended to improve artificial intelligence servers' efficiency and performance, the companies said Tuesday.

The memorandum sets out a framework for the companies' assessment of Everspin's MRAM technology and MaxLinear's storage compression, encryption and hardware-acceleration platform in AI and data-intensive server workloads, according to the statement.

The companies also plan to evaluate market development opportunities, along with long-term manufacturing, commercialization and supply arrangements, they added. No financial terms were disclosed.

Everspin Technologies shares were up more than 10%, while MaxLinear shares were up more than 7%, in early Tuesday trading.

Price: $16.91, Change: $+1.46, Percent Change: +9.45%

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