NVE Corporation is providing the following update on the status of its MRAM partnerships.
- Cypress Semiconductor has made working MRAM using NVE
intellectual property. Ralph Schmitt, Cypress Semiconductor's
Executive Vice President of Sales and Marketing, said "we feel
very confident that we are close to having a production-ready
product." Under a technology exchange agreement, NVE has
rights to Cypress Semiconductor's MRAM designs, rights to
modify such designs, and rights to have MRAM manufactured at
Cypress Semiconductor's foundry.
- Motorola, Inc. has said it expects to begin MRAM production by
late 2004. NVE believes that the MRAMs Motorola has described
publicly contain NVE's intellectual property. NVE expects to
receive royalties if Motorola's production devices contain
NVE's intellectual property.
- NVE plans to further monetize its MRAM intellectual property
with additional license agreements.
For more information, NVE maintains Frequently Asked Questions in the investor section of its web site (http://www.nve.com).
MRAM is a revolutionary memory fabricated using nanotechnology which uses electron spin to encode data. MRAM has been called the "holy grail" of memory because it has the potential to combine the speed of SRAM, the density of DRAM, and the non-volatility of flash.
NVE is a leader in the practical commercialization of spintronics, a nanotechnology which many experts believe represents the next generation of microelectronics. NVE licenses its MRAM intellectual property and sells spintronic products including sensors and couplers to revolutionize data sensing and transmission.
