NVE reports on MRAM research and plans

NVE reported their financial results, and in the conference call they gave some interesting new details about their MRAM program. Daniel Baker (the CEO) says that NVE 'overcame many of the technical challenges in making MRAM'. In fact, the company is already shipped some sample prototype MRAM chips, but they don't call it 'production' yet. The samples will be for specialized niche applications - but the company sees this as a 'vehicle to develop MRAM technology'. In the future the company hopes to address large volume anti-tamper applications such as to prevent identity theft or improve the security of credit cards and smart cards.

In regards to Everspin being a licensee, here's what they say - "EverSpin is a company that's making and selling commercial MRAM, and they are spin-off of Freescale, which was a spin-off of Motorola. So, we have a long historical relationship. Motorola was an early investor in NVE, and we had research contracts and intellectual property agreements with Motorola. So, we believe that they share our vision for a very bright future for MRAM"

Finally, about STT-MRAM - "We believe we have excellent technology in that field. That's a type of MRAM that has the promise of reducing the cell size and increasing the efficiency, decreasing the power of MRAM, which could help make large-scale MRAM successful in the long-term".