Everspin Technologies Announces Partnership With Teledyne HiRel Semiconductors To Offer 256Mb PERSYST STT-MRAM For Aerospace, Defense Applications, With Customer Availability Expected In Q4 2026

Global Emerging Memory and Storage Technology Market Analysis, 2026-2035 | AI and HBM Demand Fuels 19.73% CAGR, Creating a $44.61 Billion Market by 2035

The global emerging memory and storage technology market is projected to grow from $5.85 billion in 2025 to $44.61 billion by 2035, with a CAGR of 19.73%, driven primarily by AI infrastructure demand. High Bandwidth Memory (HBM) is becoming critical for AI accelerators and data centers, while non-volatile memory technologies like RRAM and MRAM are gaining traction in reliability-critical applications. Enterprise storage is expected to be the leading application segment, growing at 23.20% CAGR.

Shares of semiconductor and chip companies are trading lower, led by declines in Micron and other memory-chip stocks, following a report that Chinese rival ChangXin Memory Technologies has made key progress in developing a new DRAM cell structure designed to increase storage density and improve efficiency. The advancement draws attention to intensifying competition in the broader chip market, potentially pressuring established manufacturers' market share and pricing power.

Maxim Group Initiates Coverage On Everspin Technologies with Buy Rating, Announces Price Target of $25

Shares of semiconductor companies are trading higher amid overall market strength and easing inflation concerns as investors return to AI-related companies.