MASHINIi

Everspin Technologies, Inc..

MRAM.US | Manufacture of electronic components and boards

Everspin Technologies, Inc. is a leading developer and manufacturer of magnetoresistive random-access memory (MRAM) solutions. The company specializes in designing, developing, and commercially producing MRAM products, including Toggle MRAM and Spin-transfer Torque MRAM (STT-MRAM). These products ar...Show More

Ethical Profile

Mixed.

Everspin Technologies (MRAM.US) presents a mixed ethical profile. Its MRAM technology has dual-use potential, serving both civilian and military sectors, including strategic solutions for the Department of Defense. In October 2024, the company disclosed a possible violation of U.S. export controls to the Bureau of Industry and Security, allegedly involving inadvertently providing products and services in apparent violation. Everspin also spent $40,000 on lobbying in Q1 2024. On the environmental front, the company holds ISO 14001:2015 certification and complies with RoHS and REACH regulations, restricting hazardous substances. However, information on waste reduction or product recyclability is not available.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

No evidence available to assess Everspin Technologies, Inc. on Better Health for All.

Fair Money & Economic Opportunity

0

No evidence available to assess Everspin Technologies, Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

No evidence available to assess Everspin Technologies, Inc. on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

0

No evidence available to assess Everspin Technologies, Inc. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

0

No evidence available to assess Everspin Technologies, Inc. on Honest & Fair Business.

Kind to Animals

0

The provided articles focus on Everspin Technologies' ISO certifications, compliance with conflict mineral regulations, and general quality and environmental policies. No specific, concrete data points or information relevant to animal welfare, cruelty-free certifications, animal testing, ethical sourcing of animal-derived ingredients, or wildlife conservation initiatives were found in any of the provided materials. Therefore, no KPIs under the 'Kind to Animals' value can be scored based on the evidence.

No War, No Weapons

0

No specific, concrete data points were found in the provided articles to assess Everspin Technologies against the defined KPIs for the 'No War, No Weapons' ethical value. While the company's MRAM technology is noted to have dual-use applications and its manufacturing facility supports radiation-hardened solutions for the Department of Defense (DoD), there is no quantitative evidence regarding the percentage of revenue from arms contracts, the scope of R&D investment in dual-use technologies, or any peacebuilding initiatives.

1
Additionally, a disclosed possible violation of U.S. export controls in October 2024 does not specify sales to embargoed or sanctioned regimes.
2
Lobbying expenditures were reported as $40,000 for Q1 2024, but the article does not indicate if these expenditures were related to arms control legislation.
3

Planet-Friendly Business

0

No evidence available to assess Everspin Technologies, Inc. on Planet-Friendly Business.

Respect for Cultures & Communities

0

The provided articles focus exclusively on Everspin's financial performance and upcoming events.

1
They contain no information or data relevant to the company's social responsibility or community relations, thus no evidence for any 'Respect for Cultures & Communities' KPIs could be extracted.
2

Safe & Smart Tech

0

No evidence available to assess Everspin Technologies, Inc. on Safe & Smart Tech.

Zero Waste & Sustainable Products

0

Everspin Technologies' products do not contain any Substances of Very High Concern (SVHC) exceeding 0.1% by weight, based on supplier material certifications.

1
The company also complies with the Restriction of Hazardous Substances Directive (RoHS) and the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) regulations.
2
The company achieved ISO-14001:2015 registration on October 31, 2024.
3

Own Everspin Technologies, Inc.?

Upload your portfolio and see how all your holdings score across 11 ethical dimensions.

Audit My Portfolio

AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.