Crocus announced that they have successfully developed their 2nd generation MRAM products, using SVTC Technologies production ready tools, metrology and infrastructure. Crocus said that they transferred the process to a production foundry.
Crocus says that their MRAM technology can be scalable to 90nm, 65nm and smaller, and offers high speed, reliability, and reduced power consumption.
In a separate PR, Russia's Nanotechnology investment firm RUSNANO announced an investment in an 90nm MRAM production project. RUSNANO will not name the project partner, but a Russian site leaked the fact that Crocus are the partner. Crocus are also producing MRAM chips together with Israeli Tower, and will start mass production in 2H 2011. We do not know the investment in this project, but RUSNANO revealed that they will invest a total of 6.9 billion rubles ($250 million) in two projects including the MRAM one (the total investment required for both projects is 17 billion rubles, or $620 million).